The European Parliament Environment Committee adopted on 24 May its report on the EU’s greenhouse gas reduction targets for 2020. They called for the EU to move to an overall 30% target with 25% domestic reductions to be made within the European Union.
The Environment (ENVI) Committee also supported the idea of setting aside 1,4 billion allowances from the EU ETS prior to 2020 for maintaining incentives in the ETS and to ensure the level of stringency foreseen when the EU climate package was adopted in 2009.
At the vote, the Parliament also drew attention to the fact that the global carbon budget that is likely to meet the 2-degree objective is about 800 billion Tonnes of CO2. However the EU’s share of that, as it relates to the global population in 2050, is projected at only 5,7%.
CAN Europe welcomes the Parliament acknowledgment of the benefits of enhancing climate action and the link between domestic emission reductions and boost in green jobs and innovation. However, this is only a first step on the way to achieving the higher emissions reduction goals required to prevent dangerous climate change.