Europe's Carbon Ambition

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The EU and the UK head into the US-led climate talks this week with some of the toughest GHG reduction plans anywhere in the world (related). This follows plans revealed by London to increase its emissions reduction target to 78% of 1990 levels by 2035, up from a previous target of 68% by 2030. Brussels also looks set to enshrine in law a greenhouse gas reduction target of "at least 55%" by 2030 compared with 1990 levels, after the European Council and parliament reached agreement. The 55% EU target is a net GHG reduction number and includes the use of controversial carbon offsets (NE Mar.11'21). The European Parliament had asked for a 60% reduction target, but after lengthy negotiations a compromise was reached where the use of carbon offsets was restricted to 225 million tons of CO2 equivalent.

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