carboncredits
12 EU countries are set to miss their national climate targets under the Effort Sharing Regulation (ESR), according to a study analysing national climate plans. Another seven are at risk of not meeting their goals. If they don’t meet their required emissions reductions, they may have to pay financial penalties. The ESR is a policy framework - part of the EU’s climate and energy package - that sets binding national greenhouse gas targets for the 27 member states. It requires them to collectively cut emissions by 40 per cent (compared to 2005) by 2030. Member states have to meet climate targets ...
Euronews (English)
Efforts to meet Europe’s emission reduction targets led by industry and citizens will pay off according to an analysis published today (May 29) by the International Monetary Fund (IMF), which estimates the continent could improve energy security by 8% by 2030. Higher carbon prices, energy efficiency and accelerated permitting for renewables were key policy areas identified by the Washington DC- based IMF to improve Europe’s energy security. “An illustrative policy package that cuts emissions by 55% compared to 1990 levels would improve the two energy security metrics by close to 8% by 2030 for...
Euronews (English)
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