Brussels, 9 October 2013. A report released today shows that Europe’s Member States will not need to implement new domestic measures between now and 2020 to reach their climate targets. The report is added proof that post 2020 targets need to be much higher to incentivise Europe to go beyond business as usual and to unlock the mitigation potential available in sectors like transport and agriculture. In addition to accelerated use of international offsets in the Emissions Trading Scheme, more than 2.3 billion Euros were spent on international offset credits to achieve their Kyoto targets. Meanwhile, renewable energy and energy efficiency measures have been neglected.
Via Martine Renaud