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Reuters
Reuters
Business

Ireland sets binding target of 51% greenhouse gas cut by 2030

The Irish government on Tuesday approved a law setting a binding target of cutting greenhouse gases by 51% by 2030, with the aim of reaching carbon neutrality by 2050.

The initial cuts will be implemented via five-year carbon budgets using 2018 as a baseline, with emissions ceilings for each sector of the economy, the government said in a statement.

The law was spearheaded by the Green Party, the junior party in the country's three-party government.

The bill must be approved in both houses of Ireland's parliament, where the government has a majority.

(Reporting by Conor Humphries; Editing by Jan Harvey)

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