EU Lawmakers Approve 40 Percent Cut In Carbon Emissions

Law360, New York (February 5, 2014, 1:30 PM EST) -- The European Parliament on Wednesday approved aggressive binding environmental targets for 2030 which would require member states to reduce carbon pollution by 40 percent from 1990 levels and ensure that renewable sources make up 30 percent of energy production.

The resolution, which passed 341-263, comes two weeks after the European Union's executive arm issued an energy policy framework calling for similar binding targets. The European Parliament's resolution went even further than those recommendations, which called for a 27 percent binding target for renewables.

A binding 40...
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