4 billion tonnes of hot air in the EU could turn the proposed 40% climate target into merely 26%

On 23 and 24 October 2014, EU’s Heads of State will determine Europe’s future action to avoid dangerous global temperature rise. At this important date, it is expected that they will propose to reduce Europe’s domestic greenhouse gas emissions by 40% below 1990 levels by 2030. Of course, this proposed target is not nearly enough …

Draft EU Council conclusions propose taxpayers continue subsidising industry’s pollution to avoid a problem that doesn’t exist.

In early September, the council conclusions on the 2030 climate and energy framework were leaked. Worryingly, the draft text stated that the current practice of giving free pollution permits to heavy emitters needs to be maintained while “dynamically” allocating these permits based on actual production levels. A rebuttal by Carbon Market Watch shows that this approach could result in EU taxpayers paying industry an extra €130 billion worth of free emission allowances, while the public have never been presented proof that carbon leakage actually exists.

EU 2030 Climate and Energy

2030 Climate and Energy Package  (Analysis here) During the night of 23 October 2014, EU leaders brokered a deal on the 2030 climate and energy headline targets. EU’s Heads of States settled on an EU-binding renewable energy target of at least 27%, an indicative energy efficiency target of at least 27% and an at least …