E.U. Agree to Cut Greenhouse Gas by 40% by 2030
E.U. leaders recently reached an agreement to cut greenhouse gas emissions by at least 40% by 2030. The big decision came after heated discussions at a summit in Brussels on 23 October 2014.
This aims to make the EU’s economy and energy system more competitive, secure and sustainable. Also sets a target of at least 27% for renewable energy and energy savings by 2030.
The decision is a concern for some central and east European members that rely heavily on coal. Poland, which heavily dependent on coal-fired energy production, fears that the costs of decarbonising its economy will slow business growth.
The President of the European Council, Herman Van Rompuy, said afterwards that some poorer EU members would receive additional funds to accomplish the agreed targets.
E.U. managed to cut greenhouse gas emissions by 18% between 1990 and 2012. So, the new objective ask E.U to achieve something similar over the next 15 years.
The agreement will be the main subject of E.U. climate policy going into next year’s U.N. summit in Paris, where another attempt to clinch a global deal on emissions reductions is likely to be made.
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