EU Proposal Cuts Carbon Emissions By 40 Percent

Law360, New York (January 22, 2014, 3:05 PM EST) -- The European Union's executive arm on Wednesday moved forward with new legally binding targets for greenhouse gas emissions and renewables by 2030, proposing a 40 percent carbon pollution reduction from 1990 levels and a 27 percent renewable energy requirement.

The European Commission's energy policy framework requires member states to pick up the emissions reduction pace over the next 16 years, doubling the 20 percent target in place for 2020. It also demands that more than a quarter of all energy on the continent come from renewable...
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