The European Union has reached a historic deal to cut greenhouse gases by at least 40% domestically by 2030.

The target is part of a package of measures to make Europe’s energy system more secure, sustainable and competitive, announced today by European leaders at the European Council meeting in Brussels.

The agreement is a major win for the UK, which has been leading efforts in Europe for an ambitious but flexible deal that cuts carbon emissions whilst giving the UK and other Member States the flexibility to decide how they will decarbonise at least cost to consumers – while also improving energy security by reducing the EU’s reliance on imported energy. The UK’s Climate Change Act and Electricity Market Reforms have put the UK on a clear path to become a low carbon economy, which is further enhanced by these measures announced today with no expected additional cost impact for UK bill and tax payers.