EU gears up for 2030 with more emissions reductions
EU News 433/2014
Brussels, 28 October 2014
The Commission, assisted by the European Environment Agency, today releases its annual Progress Report assessing the headway on climate action. According to latest estimates, EU greenhouse gas emissions in 2013 fell by 1.8% compared to 2012 and reached the lowest levels since 1990. So not only is the EU well on track to reach the 2020 target, it is also well on track to overachieve it.
The Progress Report also for the first time provides data on the use of fiscal revenues from auctioning allowances in the EU Emission Trading System (ETS). This new source of revenues for Member States amounted to € 3.6 billion in 2013. From this, around € 3 billion will be used for climate and energy related purposes - significantly more than the 50% level recommended in the EU ETS Directive.
Source and additional information:
Connie Hedegaard, Member of the EC in charge of Climate Action Date: 16/10/2013 Reference: P-024175/00-05 Location: Brussels - EC/Berlaymont URL