The climate problems are now priority to European Union

The European Union is working to bring the remaining member states to the climate and energy targets, increasing the pressure for more action to reduce pollution.

Energy ministers from the 28-nation bloc will discuss on Tuesday an analysis that showed the region could miss its goal of boosting clean energy use and efficiency by nearly a third by 2030.

The Finnish-led effort, which holds the bloc’s rotating presidency, would give credence to discussions of setting a mid-century goal of zeroing in on fossil fuel pollution. Proponents of the measure say ambition of that magnitude is needed to prevent the worst impacts of a warming atmosphere.

“Further progress in decarbonisation depends fundamentally on achieving the Union’s 2030 energy efficiency and renewable energy objectives,” Finland said in a document for the meeting in Brussels. “The presidency considers it very important that the EU reach its objectives for 2030.”

The European Commission, the EU’s executive arm, urged most member states in June to step up their actions and is seeking to lead the fight against global warming. The discussions will follow a United Nations summit in New York designed to draw attention to the issue.

Ursula von der Leyen, who would become EC president in November, has pledged a proposal during her 100 days in office to enrich the law with the goal of climate neutrality.

A package of measures of the green economy, called the EU 2030, did not stop the setting of renewable energy targets at national levels. Rather, the union opted for a collective goal for the bloc as a whole to get at least 32% of its energy from renewals.

So far, this goal remains simply beyond reach. An evaluation by the commission earlier this year showed that the proportion would reach 30.4% to 31.9% by the end of the decade, meaning further action is required both to achieve the current target and to open the option for a larger purpose, deep net for 2050.

Countries including Belgium, Cyprus, Hungary, Malta, Poland, Romania and Slovenia had the widest gaps between the planned measures and the scale of effort required at EU level.

Also at stake is the efficiency target, which calls for saving at least 32.5% of energy by 2030. Current plans may be enough to achieve 26.3% to 30.2% efficiency in primary energy consumption, he said. EC. The best performers are Italy, Luxembourg, Spain, the Netherlands and France.

Transport and agriculture will be a particular focus. These sectors are outside the Emissions Trading System, the cap market and the region’s carbon dioxide pollution market.

While the overall reduction is projected to be in line with the goal of reducing emissions by at least 40%, the decline in non-ETS sectors may be 2 percentage points less than the 30% target./Investing.com

 

Stay updated with INFOEUROPEFX to find out the latest news about economy