Headlines

EU's Ribera says new climate target coming within weeks

Published by Global Banking & Finance Review

Posted on September 23, 2025

2 min read

· Last updated: January 21, 2026

Add as preferred source on Google
EU's Ribera says new climate target coming within weeks
Global Banking & Finance Awards 2026 — Call for Entries

LONDON (Reuters) -The European Union plans to agree its new climate target in the coming weeks, a European Commission Executive Vice President told Reuters during New York Climate Week. Speaking on

EU to Unveil New Climate Target in Coming Weeks, Says Ribera

By Simon Jessop, Virginia Furness and Kate Abnett

LONDON (Reuters) -The European Union plans to agree its new climate target in the coming weeks, a top EU official told Reuters during New York Climate Week, adding that any belief that climate action could be postponed amounted to "suicide".

Speaking on the "Climate Frontlines" show live from Times Square, Teresa Ribera, who oversees the bloc's green policies, said she hoped it would present its updated climate plan by the time the world gathers for climate talks in Brazil in November.

"I think that it will be solved in the coming weeks," said Ribera, the European Commission's Executive Vice President.

Ribera, second to Ursula von der Leyen in the executive branch, said the bloc intended to stick to its climate plans because it made social and economic sense, even as the United States pulls back from efforts to rein in global warming.

"We intend to fulfil our commitments and our pathways and the discussion is how to combine the competitiveness measures so as to come up with a consistent pathway to the full decarbonisation that is targeted by 2050," she said.

Ribera said some believed that climate could wait, yet she was "convinced that this is such a big mistake, but not only for climate reasons... not only for social reasons [but also] for economic reasons. It's just madness. It is committing suicide."

The EU failed to agree its climate target in time for the U.N. General Assembly, being held in New York this week, and is set to miss a U.N. end-month deadline, because of disagreements among member countries over the ambition of the goal.

As a fallback, EU countries last week agreed a "statement of intent" outlining what climate goal the EU eventually hopes to approve to avoid their leaders being entirely empty-handed at a U.N. gathering on Wednesday, where world leaders are expected to announce new climate goals.

EU countries including France and Poland have demanded their government leaders discuss the new climate target before it is approved. The next summit of EU leaders is scheduled for October 23.

(Reporting by Simon Jessop, Virginia Furness and Kate Abnett; Editing by Aidan Lewis)

Key Takeaways

  • EU plans to announce a new climate target soon.
  • Teresa Ribera emphasizes urgency in climate action.
  • EU aims for full decarbonisation by 2050.
  • Disagreements among EU countries delay the target.
  • Next EU leaders' summit is on October 23.

Frequently Asked Questions

What is the EU's new climate target timeline?
The European Union plans to agree on its new climate target in the coming weeks, as stated by Teresa Ribera during New York Climate Week.
Why did the EU fail to agree on its climate target earlier?
The EU failed to agree on its climate target in time for the U.N. General Assembly due to disagreements among member countries.
What is the significance of the upcoming climate target?
Ribera emphasized that fulfilling climate commitments is essential not only for environmental reasons but also for social and economic stability.
What fallback measure has the EU taken regarding the climate target?
As a fallback, EU countries agreed on a 'statement of intent' outlining the climate goal they hope to approve, to avoid being empty-handed at the U.N. gathering.
When is the next summit of EU leaders scheduled?
The next summit of EU leaders is scheduled for October 23, where discussions on the new climate target will take place.

Tags

Related Articles

More from Headlines

Explore more articles in the Headlines category