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The European Parliament, in plenary session on 24 June, adopted the provisional agreement reached with the Council, which had formally adopted it on 28 June.
In addition to enshrining the 2050 climate neutrality objective in EU law, the regulation sets a binding target of reducing the EU’s net greenhouse gas (GHG) emissions by at least 55% by 2030 (compared to 1990 levels) and a negative emissions target after 2050.
It also provides for the creation of a “European Scientific Advisory Council on Climate Change” and a “GHG budget”. This budget will be one of the criteria to be taken into account when defining the EU’s climate target for 2040.