In this report CAN Europe elaborates on the numerous benefits that moving to a -30% 2020 EU greenhouse gas target will have on Member States’ budgets.
The European Union likes to present its climate policies as models of aggressive action. However, at the centre there is a gaping hole: the -20% below 1990 by 2020 emissions cut agreed in 2008 will require virtually no effort in Europe to achieve. Making a move to a deeper target conditional upon aggressive action in other countries, as the policy is now, is therefore misplaced. It is Europe that needs to move, as its reductions are less aggressive than those in other countries, and deeper cuts would in fact yield a financial benefit.
In a report CAN Europe and WWF present an assessment of 12 National Allocation Plans (NAPs) for Phase II of the European Emissions Trading Scheme (EU ETS): Bulgaria, Czech Republic, Finland, France, Germany, Hungary, Italy, Poland, Romania, Slovenia, Spain and United Kingdom.