European Commission Calls for Binding 2030 Greenhouse Gas, Renewable Energy Targets

摘要

The European Commission March 27 issued a Green Paper that sets in motion a legislative process to establish 2030 targets for greenhouse gas emission reductions, renewable energy generation, and energy efficiency. The new targets would boost the European Union's faltering trading system for greenhouse gas emission allowances, encourage clean energy investment, reduce dependence on foreign oil and gas, and further efforts to mitigate global warming, according to EU officials. The Commission did not set specific targets in the Green Paper, which is expected to be followed by a formal legislative proposal by the end of the year.