By Ewa Krukowska
European Union governments remain split on whether to support a pathway to long-term climate goals drafted by the bloc’s regulator that some investors say could bolster carbon prices, according to an EU document.
Environment ministers from the 27-nation EU will discuss the so-called 2050 low-carbon road map when they meet on March 9 in Brussels. The policy paper by the European Commission, the bloc’s regulatory arm, showed the most cost-effective way to achieve the European political pledge of cutting greenhouse gases by at least 80 percent in 2050 would be to lower discharges by 40 percent in 2030 and 60 percent in 2040.
Following three meetings on a statement to be adopted after the March gathering, Denmark, which holds the EU rotating presidency in the first half of this year, proposed governments “welcome” the commission’s roadmap and “recognize” its findings regarding climate milestones for 2030, 2040 and 2050, according to draft conclusions obtained by Bloomberg News.
Read more: http://www.bloomberg.com/news/2012-02-20/eu-nations-split-on-climate-goals-before-march-ministers-meeting.html
European Union governments remain split on whether to support a pathway to long-term climate goals drafted by the bloc’s regulator that some investors say could bolster carbon prices, according to an EU document.
Environment ministers from the 27-nation EU will discuss the so-called 2050 low-carbon road map when they meet on March 9 in Brussels. The policy paper by the European Commission, the bloc’s regulatory arm, showed the most cost-effective way to achieve the European political pledge of cutting greenhouse gases by at least 80 percent in 2050 would be to lower discharges by 40 percent in 2030 and 60 percent in 2040.
Following three meetings on a statement to be adopted after the March gathering, Denmark, which holds the EU rotating presidency in the first half of this year, proposed governments “welcome” the commission’s roadmap and “recognize” its findings regarding climate milestones for 2030, 2040 and 2050, according to draft conclusions obtained by Bloomberg News.
Read more: http://www.bloomberg.com/news/2012-02-20/eu-nations-split-on-climate-goals-before-march-ministers-meeting.html
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