Europe’s climate and energy targets for 2030 announced
On 22 January 2014, the European Commission published the European Union’s ‘2030 Framework for Climate and Energy’, setting out targets for greenhouse gas emissions, renewable energy and energy efficiency. The proposals will now be discussed by member states, the European Parliament and the European Council. On 5 February 2014, the European Parliament voted for stronger targets than those the commission had proposed.
The EU’s current targets for 2020 are as follows: a 20 per cent reduction in greenhouse gas emissions on 1990 levels; at least 20 per cent of energy consumption to come from renewable sources (quotas sharing this target between member states gave Britain the binding national target of 15 per cent); and a 20 per cent increase in energy efficiency (this target was not binding).
If current trends continue, Europe is likely to exceed these targets given that the current reduction in greenhouse gas emissions on 1990 levels is 18 per cent. However, prior to the commission’s announcement, commentators remarked that the commission’s 2030 proposals are being put forward from a very different economic perspective than the 2020 proposals were in 2009. Furthermore, it has been suggested that the cost of subsidising expensive renewable technology has been responsible for increased energy prices — one study found that there would be a £400 increase in energy bills in the next six years in order to pay the government subsidies required to meet renewable energy targets…
Click on the link below to read the rest of the Walker Morris briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Walker Morris
News from The Lawyer
Briefings from Walker Morris
Walker Morris takes a look at some of the key announcements and how the figures add-up for your sector.
Welcome change from presumption of responsibility
Analysis from The Lawyer
Which firms are cutting it in this era of slimline rosters, and who are the GC new brooms making clean sweeps? The Lawyer can reveal all
The law school war shows no signs of ending. But we have, perhaps, reached the end of the beginning.