Greenhouse gases to be reduced by 40% by 2030

October 27th, 2014, Published in Articles: Energize

 

The European Council (EC), at its meeting on 24 October 2014, agreed to reduce the EU’s greenhouse gas (GHG) emissions by 40% in 2030 from 1990 levels. These levels will be reviewed in 2020, by which time GHGs should have been reduced by 30%. The EU will submit its contribution, at the latest by the first quarter of 2015, in line with the timeline agreed by the United Nations Framework Convention on Climate Change (UNFCCC) in Warsaw for the conclusion of a global climate agreement. The EC calls on all countries to come forward with ambitious targets and policies well in advance of the Conference of the Parties (COP) 21 which is to be held between 30 November and 11 December 2015 in Paris. It is envisioned that a well-functioning, reformed emissions trading system (ETS), with an instrument to stabilise the market in line with the commission’s proposal, will be the main instrument to achieve this target. It was also agreed to increase the target for the use of renewable energy to 27% of the total energy consumed in the EU, while the target for energy efficiency has also been set at 27% or better by 2030.

The full report is available here: www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ec/145356.pdf

 

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