NewEnergyNews: EU UPS THE WORLD’S BAR ON EMISSIONS CUT TARGETS

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    Friday, October 24, 2014

    EU UPS THE WORLD’S BAR ON EMISSIONS CUT TARGETS

    EU leaders agree to cut greenhouse gas emissions by 40% by 2030; Climate commissioner hails ‘strong signal’ ahead of global Paris summit but key aspects of deal left vague or voluntary

    Arthur Neslen, 23 October 2014 (UK Guardian)

    “European leaders have struck a broad climate change pact obliging the EU as a whole to cut greenhouse gases by at least 40% by 2030…But key aspects of the deal that will form a bargaining position for global climate talks in Paris next year were left vague or voluntary, raising questions…{t]two 27% targets were [also] agreed – for renewable energy market share and increase in energy efficiency improvement. The former would be binding only on the EU as a whole. The latter would be optional, although it could be raised to 30% by a review in 2020…With an eye on the haggling expected ahead of a global climate summit in Paris next year, the EU’s climate commissioner, Connie Hedegaard, said the agreement was an important step for the whole world…But a clause was inserted into the text that could trigger a review of the EU’s new targets if other countries do not come forward with comparable commitments in Paris…The Brussels summit was dominated by arguments over energy savings and climate policy, with countries from Poland to Portugal pleading special circumstances and threatening to veto any breakthrough unless their demands were met…” click here for more

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