Edition: International | Greek
MENU

Home » Dossiers

Climate change, Global action after Copenhagen, Greening the Brown Economy

The combined effects of financial crisis, climate change and energy concerns mean that we must overhaul our ideas on governance and harness public opinion, argues Jacqueline McGlade, executive director of the European Environment Agency.


The global financial, energy and environmental crises all have their roots in decades of intense natural resources extraction along with poor governance. The result is that a massive but largely hidden ecological debt has steadily built up. It is a toxic debt that will be difficult to repay in the face of climate change and unsustainable growth and consumption patterns, and is also a debt not fully accounted for either in financial rescue packages or in plans for greening our brown economies.


The summary found that 10 out of 27 EU Member States are likely to exceed their national targets for renewable energy, with a further 12 set to meet their goals domestically. Only five Member States are currently expected not to meet their target with domestic sources only.

Renewable energy: forecasts show EU on track to meet 20% target

The EU will surpass its target to consume 20 per cent of its energy from renewable energy by 2020, according to national forecasts submitted to the European Commission. In its summary, the Commission finds that the EU will reach an overall share of 20,3 per cent renewables.

Commission President José Manuel Barroso said:

Climate change: European Commission sets out strategy to reinvigorate global action after Copenhagen

The European Commission today set out a strategy to help maintain the momentum of global efforts to tackle climate change. The Communication proposes that the EU swiftly begin implementing last December's Copenhagen Accord, in particular 'fast start' financial assistance to developing countries.

‘Taiwan wants to become party to Clean Development Mechanism’

In an interview with European Business Review, Patrick Wang, information director of the Taiwan Representation to the EU in Brussels, made clear that Taiwan (Republic of China) seeks engagement in corporate carbon credit trade via the Clean Development Mechanism.

Greening the Brown Economy

Greening the Brown Economy

The combined effects of financial crisis, climate change and energy concerns mean that we must overhaul our ideas on governance and harness public opinion, argues Jacqueline McGlade, executive director of the European Environment Agency.

MORE ARTICLES

EU Actually

Another Covid-19 effect: more old cars, less public transport

N. Peter KramerBy: N. Peter Kramer

Internet searches for older cars has spiked since the summer. A for Reuters conducted analysis of car registration data in, among others, France, Germany, Italy and Spain shows a significant shift toward older, used cars

View 03/2020 2020 Digital edition

Magazine

Current Issue

03/2020 2020

View past issues
Subscribe
Advertise
Digital edition

Europe

‘Complete overhaul’ of buildings needed to meet EU’s 2030 climate goal

‘Complete overhaul’ of buildings needed to meet EU’s 2030 climate goal

Europe needs a “complete overhaul” of its buildings to meet a higher 2030 emissions reduction target, according to new research

Business

The New Business Models (and Jobs) in Blockchain

The New Business Models (and Jobs) in Blockchain

Given the Bitcoin price craze in the face of the morose economy during the Covid-19 pandemic, one may assume that the distributed ledger technology (DLT)/blockchain bubble is ready to burst once again

MARKET INDICES

Powered by Investing.com
All contents © Copyright EMG Strategic Consulting Ltd. 1997-2020. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron