ENTRACTE_Report_Current_Policies.pdf
EU currently passed a EU Climate and Energy Package in 2009 which contains two climate related targets for the year 2020. The targets are firstly, twenty percent reduction in green house gas emissions compared to 1990 levels. Secondly, 20 % reduction of final energy consumption compared to business as usual through improved energy efficiency.
Also, in the case of the GHG emissions reduction target, the EU has established the Emissions Trading System (EU ETS) which caps the emissions of the energy intensive industries and power generators at the EU level. Trade in emissions permits allows firms that are subject to the EU ETS to implement the emissions reductions cost efficiently.
Reference : http://entracte-project.eu/uploads/media/
Kathy Ga Yeon Moon
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