A European Union plan to cut greenhouse gas emissions to 55 per cent below 1990 levels by 2030 is technically and economically possible, ...
European Union flags flutter outside the European Commission headquarters in Brussels, Belgium, Aug 21, 2020. BRUSSELS: A European Union plan to cut greenhouse gas emissions to 55 per cent below 1990 levels by 2030 is technically and economically possible, researchers said on Monday .
"Achieving a 55 per cent target is possible," German-based think tank Agora Energiewende executive director Patrick Graichen told Reuters."And if it is feasible, why wouldn't we go for it?" The EU carbon market, which covers emissions from power plants, industry and European flights, has the greatest potential to cut emissions quickly.To deliver the 55 per cent target, the researchers said emissions covered by the Emissions Trading System should fall to 61 per cent below 2005 levels, a much deeper cut than the 43 per cent reduction the carbon market is designed to deliver by 2030.
EU countries, which must approve the new climate target, are divided. Western and Nordic countries back the more ambitious level and eastern nations refuse to consider bigger cuts before seeing an assessment of the costs.
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