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The Low Carbon Economy Ltd

29 Jan 2010 08:01:09

EU low carbon target formally agreed



EU low carbon target formally agreed
The EU has pledged under the Copenhagen Accord that it will reduce emissions by 20 percent within ten years.

The EU has said it will only commit to a 30 percent reduction in carbon emissions if other high-polluting nations follow suit.

In a formal submission of its climate targets under the Copenhagen Accord, the EU pledged to reduce emissions by 20 percent with a further ten percent conditional on multilateral action.

Though all governments present at the UN climate conference held last December acknowledged that global warming could not exceed two degrees C, no binding targets were agreed by the 28 nations present.

It is estimated that collectively the nations produced 80 percent of the world's carbon emissions.

EU commission president Jose Barrasso wrote: "The EU is determined to move ahead rapidly with implementing the Copenhagen Accord in order to make progress towards the agreement that we need to hold global warming below two degrees C.

"The Accord provides a basis on which to build this future agreement and I therefore urge all countries to associate themselves with it and notify ambitious emission targets or actions for inclusion as we are doing."

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