Highlights 225 million mt CO2 cap put on removals Carbon sink volume increased Negotiated deal needs formal approval Negotiators for the European Council and Parliament reached an informal agreement early April 21 on a new climate law aimed at reducing net greenhouse gas emissions by at least 55% by 2030 compared to 1990, the European Council said in a statement. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The provisional deal marks the end of tough talks between the two after the Parliament backed a 60% reduction target in October last year. Delegates agreed to prioritize emissions reductions over removals, setting a limit on removals of 225 million mt CO2 to the net 2030 target “in order to ensure that sufficient efforts to reduce and prevent emissions are deployed,” the Council said. They also agreed to aim for a higher volume of net carbon sink […]