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Analysis of Options to Move Beyond 20% Greenhouse Gas Emission Reductions and Assessing the Risk of Carbon Leakage

Since the EU took its historic decisions on combating climate change in 2008, the economic crisis has brought some fundamental changes to the political and economic landscape of the EU's climate policy. The pressure on the EU economy is intense. The EU, however, remains deeply committed to action on climate change. Arresting the rise in global temperature remains one of the biggest challenges facing this generation. This Communication has set out how changed global circumstances have impacted on the targets set in 2008. While the absolute costs of meeting a 20% target have been reduced, representing a welcome relief for businesses facing the uphill battle of recovery, it also represents a risk that the effectiveness of the 20% target as a motor for change diminishes.

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Date Of Record Release 2011-04-28 22:49:14
Alternate Title Communication from the Commission to the European Parliament, the Council, the European Economic and
Description Since the EU took its historic decisions on combating climate change in 2008, the economic crisis has brought some fundamental changes to the political and economic landscape of the EU's climate policy. The pressure on the EU economy is intense. The EU, however, remains deeply committed to action on climate change. Arresting the rise in global temperature remains one of the biggest challenges facing this generation. This Communication has set out how changed global circumstances have impacted on the targets set in 2008. While the absolute costs of meeting a 20% target have been reduced, representing a welcome relief for businesses facing the uphill battle of recovery, it also represents a risk that the effectiveness of the 20% target as a motor for change diminishes.
Classification
Resource Type
Format
Subject
Source University of North Texas
Keyword Greenhouse gas emissions, Energy security, Sustainability, Mitigation action, Renewable energy, Climate change, Green technology
Selector Selection Committee
Date Of Record Creation 2011-04-28 22:28:00
Education Level
Date Last Modified 2011-04-28 22:50:37
Creator European Commission
Language English
Date Record Checked: 2011-04-28 00:00:00 (W3C-DTF)

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