Edition: International | Greek
MENU

Home » Europe

The European Commission has outlined its much-awaited plans for climate and energy policy until 2030

Brussels wants a binding target to reduce carbon emissions by 40% from 1990 levels. Renewables will need to provide 27% of EU energy by 2030, but while the target will be binding at EU level there will be no mandatory targets for member states.

By: EBR - Posted: Thursday, January 23, 2014

Green groups have said the new targets lack ambition and the 40% emissions cut is "dangerously low".
Green groups have said the new targets lack ambition and the 40% emissions cut is "dangerously low".

by Martin Banks
 
The wide ranging White Paper, published on Wednesday and subject to review by heads of government, will have a significant impact on the way Europe generates its power from 2020 onwards.
 
The Commission says it wants to give clarity to investors in renewable energy while at the same time maintaining their leadership role in global climate negotiations.
 
A critical part of that is the headline figure on emissions cuts. The target that was set for 2020 was 20% but the EU as a group had almost reached the goal by 2012.
 
Green groups have said the new targets lack ambition and the 40% emissions cut is "dangerously low".
 
But Edward Davey, the UK´s Secretary of State Energy and Climate Change,  said, "The proposals are a step in the right direction towards an ambitious emissions reduction target for Europe. They provide the flexibility to tackle climate change in the most cost-effective way, so that British consumers aren’t paying over the odds to go green.
 
"This package backs the green growth agenda I’ve been working for with other European colleagues.
 
“A 40% GHG target for Europe is a good start which the UK fought hard for, and will lead to massive investment in low carbon energy, including many more renewables.
 
“Yet Britain has been clear that Europe must be ready to adopt a 50% target if the rest of the world is prepared to sign an ambitious global climate deal in 2015.
 
Elsewhere, Paul Dickinson, executive chairman of the group, CDP, said, “The need for ambitious leadership on emissions reduction has never been so strong. The science is clear – we must stay within a 2 degree Celsius temperature rise if we are to avoid the catastrophic impacts of climate change and to achieve this we need deep cuts in emissions."
 
He added, "CDP welcomes the proposed EU greenhouse gas target of a 40% reduction on 1990 levels, although it still needs to go further."
 
Further response came from UK Liberal MEP Fiona Hall who welcomed the EU-wide renewables target, saying, "The 40% target for reducing greenhouse gas emissions represents a positive outcome for those of us who wish to see the EU lead in the global fight against climate change."
 
"I also welcome the setting of a binding EU-wide target for renewables that will help drive innovation, investment and green jobs. However, I believe a 27% is too low and I hope that MEPs and member states will raise this."
 
"On energy efficiency, I now hope that the Commission listens to the position adopted by the European Parliament last week and comes forward with an ambitious target following its upcoming review."

READ ALSO

EU Actually

Far-left and far-right gains throw French mainstream parties into a quandary

N. Peter KramerBy: N. Peter Kramer

In many big towns and cities, Socialists and centre-right Republicans are tempted to make electoral pacts on their outside flanks to beat the opposition in next Sunday’s run off of the French mayoral elections.

Europe

Russia’s Imperial Retreat Is Europe’s Strategic Opportunity

Russia’s Imperial Retreat Is Europe’s Strategic Opportunity

The war in Ukraine is costing Russia its leverage overseas. Across the South Caucasus and Middle East, this presents an opportunity for Europe to pick up the pieces and claim its own sphere of influence.

Business

EU risks losing US soy imports under deforestation rules, Washington warns

EU risks losing US soy imports under deforestation rules, Washington warns

The regulation would make the bloc less attractive for American exporters, a senior USDA official said

MARKET INDICES

Powered by Investing.com
All contents © Copyright EMG Strategic Consulting Ltd. 1997-2026. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron