EU adopts CO2 reduction target

2014-01-24 08:18 by Anja Reitz

Other measures include an EU-wide binding target for renewable energy of at least 27% in 2030, reform of the Emissions Trading System (ETS), and a review of energy efficiency.

The ETS will be be bolstered by a reserve fund which the European Commission says would, "both address the surplus of emission allowances that has built up in recent years and improve the system's resilience to major shocks by automatically adjusting the supply of allowances to be auctioned."

The Carbon Capture and Storage Association (CCSA) welcomed the new GHG reduction goal, but was critical of the renewables target.


Source: Carbon Capture Journal, 22 Jan 2014

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