The countries of the European Union (EU) have all agreed to a new plan. They want to cut their greenhouse gases by 90% by the year 2040. This is a very big goal. They will compare the new levels to the amount of gases from 1990. The EU wants to have no net emissions by 2050.
This new rule will become a law. This gives a clear plan for the future. It helps businesses and governments know what to do. The plan also understands that some countries have special problems. For example, Cyprus is an island. It is harder for it to change its energy. The EU made special rules for countries like Cyprus so they are not hurt too much.
However, the world still uses a lot of oil and gas. Other international reports say the world will use even more oil by 2050. Big energy companies say we still need to invest in oil and gas. This is because the old oil fields are running out and new technology needs a lot of power. So, the EU is making big changes, but the rest of the world is moving more slowly.