On Thursday October 23, 2014 the European Union (EU) agreed a Climate Pact looking to reduce the region’s carbon (Co2) emission by 40% by 2030.
The Aim of the Pact
The concentration of Co2 in the atmosphere has increased by over 20% since 1958. This increase is the result of human activity and is mainly due to the combustion of fossil fuels and deforestation.
The Guardian Newspaper reported on Monday that the EU’s 2030 could pave the way for a binding global climate deal in Paris in 2015 which could redress the balance and put us on a road to recovery from these polluting emissions.
A Historic Achievement
Despite initial objections by Poland who had threatened to veto any agreement that raised its energy prices, the Polish government was convinced by the UK’s agenda of an energy transition that was cost-effective, flexible, technology-neutral and secure.
The agreement allows the EU to continue pursuing a roadmap that is intended to arrive at a reduction of carbon output of 80-95% by 2050, in line with the Intergovernmental Panel on Climate Change (IPCC – the authoritative international scientific body on climate change) recommendations for keeping within a 2C trajectory of global warming.
Concessions to coal dependent countries: The 2030 package has been criticized for granting Poland concessions including an estimated 200 million free carbon allowances (emissions credits) – worth about €4bn (£3bn) at a carbon price of €20 per ton.
Watered down energy efficiency target Furthermore, the environmental non-profit Friends of the Earth say that even the aspirational 27% improvement in energy efficiency by 2030 will be based on a projection made in 2007 before the economic crisis, when expected growth rates – and thus energy consumption – were far higher.
Stressing that being set before the economic crisis overestimates energy use compared to what we are doing now, the organization explained that the expected improvement would actually equal 12% in energy savings in today’s economy.
To view an informative video about the pact please visit https://www.youtube.com/watch?v=PtI02ppT-lc
To read more about the pact please visit http://ec.europa.eu/clima/policies/brief/eu/index_en.htm