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Sustainable and responsible business

Climate change

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Climate change can only be tackled on a global scale. The European Union is determined to take the lead in the fight against climate change.

CONFERENCE ON GREENHOUSE GAS REPORTING STANDARDS

BRUSSELS, 24/11/2014 (9h30 - 17h30)

 web streaming: http://scic.ec.europa.eu/streaming/index.php?es=2&sessionno=05f17e3cfa5de42020eaa6df34fb4805

 

In January 2008 the Commission adopted a package of legislative proposals on climate change and on the further development of renewable energy sources to support the Community to achieve its goal of reducing its greenhouse gas emissions by at least 20% (30 % in case other major industrial countries commit to similar ambitious targets by 2020).

The package consisted of four parts:

  • a legislative proposal to amend the European emissions trading scheme (ETS) Directive;
  • a legislative proposal to lay the foundations for carbon capture and storage (CCS) as major future technology to reduce emissions;
  • a legislative proposal on the effort sharing between Member States to reduce greenhouse gas emissions in sectors other than those belonging to the European emissions trading scheme;
  • a legislative proposal to enhance the share of renewable energy to 20% energy consumption and to introduce a minimum share of 10% of biofuels.

However, imposing an emission reduction target unilaterally without damaging European competitiveness poses a major challenge, especially for energy intensive industries.

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