EU leaders agree to reduce greenhouse gas emissions by 40%

EU leaders agree to reduce greenhouse gas emission by 40%

The leaders of the European Union have struck a braid climate change pact which promises to cut greenhouse gas emissions in the entire European Union by at least 40% by the year 2030. Critics of the pact, however, claim that it could empower automakers to push back against more effective attempts to curb greenhouse gas emissions.

“The draft text makes the theoretical possibility of transport in the ETS move closer to reality,” said Greg Archer of environmental group T&E, according to Reuters. “It is a dangerous precedent that will undermine reductions in transport emissions while damaging EU growth and jobs.”

The European Union’s Emissions Trading System (ETS) has, at least until now, excluded road transportation from its key efforts to reduce greenhouse gas emissions. Instead, it has focused more on curbing pollution from heavy industry and the fossil fuel-burning power sector by forcing thousands of power plants, factories, and airlines to pay for every ton of CO2 that they emit under a fradually decreasing emission cap.

“It was not easy, not at all, but we managed to reach a fair decision that sets the EU on an ambitious but cost-effective climate path,” Herman Van Rompuy, the president of the European Council told a press conference in Brussels, according to The Guardian.

 

 

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