Tag: 30%

That Was Then, This is Now... EU (In)Action on the Road to Durban

Do you remember almost three years ago when the EU adopted its climate and energy package it also promised that it would upgrade its weak ‘business as usual’ 20% target to 30% if other countries took comparable action? (ECO reminds the EU and other Parties that at least 40% is needed,  three quarters of which should be achieved solely through domestic action en route to near-complete decarbonization by 2050). At the time, the EU was considered to be the global leader on climate action being the first industrialized country bloc to come forward independently with a deeper emissions cut proposal. Time passed but the EU is left standing still. If the EU took a look around, it would realize it is 2011 and other countries are taking action. Many are going even further than the EU in their proposed cuts, so why is the EU not fulfilling its promise? The move to a 30% carbon emission reduction target for the EU is now easier than ever. Practically speaking, in 2009 the EU’s emissions were already 17,3% below 1990 levels. Economically speaking, an upgraded target would increase auctioning revenues to Member States’ budget, it would boost innovation, create jobs, increase the EU’s energy security and reduce the costs of fuel and air pollution related expenses. Politically, simply implementing the EU’s already agreed energy efficiency target would take the EU’s domestic emission reductions to -25% below 1990 by 2020. At the dying embers of the Copenhagen talks, the European Commission President José Manuel Barroso was asked about the 30% and he made an ‘off the cuff’ retort: “no one was interested in this offer,” he said. Are there parties willing to prove him wrong and hold the EU to their promises?

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The Case for 30% is Clear

Before today’s presentations of the pledges get underway, ECO decided to offer some of its own “clarifications” about the EU mitigation pledge. And it’s mostly good news.
 The emissions cuts made by the EU in 2009 were already 17.3 % below 1990 levels, so the 20% target by 2020 is almost already met. ECO isn’t the first to point out that less effort is required of the EU than some may think.  The European Commission’s 2050 Low Carbon Roadmap published in March 2011, notes that implementing the EU’s existing renewable energy and energy efficiency targets would lead to 25 % domestic emissions cuts in the EU. So there’s really no excuse for the EU not to commit to do more – moving to at least the 30% target they have long promised, and beyond to the 40% target that science demands. And there are many reasons why they should.
First, the Commission’s 2050 Roadmap showed how hitting only the 20% target by 2020 would put the EU off-course to achieve the 2050 target of 80-95% that they know is needed. Failing to try a bit harder now will mean much more work in the long-run.
Second, moving to 30% would bring the EU Emissions Trading Scheme back to life. ECO has long complained of the problems of over-allocation of emissions allowances in the period 2008-12, which does nothing but offer staggering windfall profits to the dirtiest industries in Europe.
Decreasing the number of allowances by increasing the target would turn a policy by which the polluter gets paid, into one that incentivizes clean, green fighting industries of the future in Europe. The business voices that want to realize that vision in Europe have had enough of the uncertainty of a conditional target. Planning big investments requires predictability. Europe needs both.
Third, those investments will bring new jobs to Europe. The European Commission shows how “action geared towards reaching the climate and energy targets of the Europe 2020 strategy has some of the greatest potential for future jobs.” Many will fall in the construction industry – a sector particularly hard hit in the European economic downturn.
ECO hopes this helps to provide all the clarity the EU needs to finally move to its higher target. A report commissioned for the German Environment Ministry sums it up nicely. A 30% target would help boost European investments from 18% to 22% of GDP, lead to a GDP increase of up to €620bn, create up to 6 million additional jobs, and help European industry to maintain and enhance its competitiveness. Europe, ECO thinks the case for 30% is clear as day.

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