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EU proposes 40% emissions cut for 2030
March 27, 2013
EU proposes 40% emissions cut for 2030
Announced at a press conference in Brussels, the EU has suggested a 40% reduction in greenhouse gas emissions by 2030. The plans will undergo a consultation process before eventually replacing the existing 2020 goals.
The new framework will also explore ways to speed up the development of carbon capture and storage, establish a new renewable energy target and divide up responsibility for the policies between 27 member states. At present, the EU has targeted a 20% cut in emissions, a 20% energy share go renewable and a 20% improvement in energy efficiency by 2020. Fresh targets for an increased share of energy and further efficiency measures will be announced later.
The EU is currently on track to meet its target of cutting emissions by 20% by 2020 and generate 20% of its energy from renewable sources by the same date. But businesses have expressed concern the lack of a target post-2020 is undermining long-term policy certainty for large low-carbon infrastructure projects.
Read more at RTCC and at Business Green.
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