| The European Commission’s 2030 climate and energy package unveiled on 22 January confines itself to two main proposals: a 40% binding greenhouse gas emission reduction target and legislative reform of the EU Emission Trading Scheme.
Significantly, it does not include post-2020 national renewable energy targets or new energy efficiency targets. It also drops the fuel quality directive which underpins the use of biofuels in the transport sector. The upshot of the proposals, if adopted by the EU Member States and the European Parliament, is that the EU’s climate policy will in future be carried out almost exclusively through the Emission Trading Scheme coupled with national emission reduction targets. The days of micromanagement from Brussels are over...............................................Full Article: Source |