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Caspian Energy Journal Caspian European Club
Friday, 22 April 2016 21:00

EU to cut emissions by at least 40% by 2030, Miguel Arias Cañete

We have set ourselves a tough target of cutting emissions by at least 40% by 2030, EU Climate and Energy Commissioner Miguel Arias Cañete stated at the UN Signature Ceremony for the Paris Agreement held in New York on April 22, Caspian Energy News (www.caspianenergy.net) reports with reference to the press statement of the European Commission.

“It’s why we’re now updating all the legislation needed to deliver it: from renewable energy, to electricity markets to energy efficiency and more. It’s also why we will produce a solid mid-century low greenhouse gas emissions strategy by 2020. And as well as acting at home, Europe will continue to work with others abroad”, Cañete said.

“Europe's shoulders are broad but we cannot face this challenge alone. We account for only 9% of global emissions. We all share responsibility and all large emitters must lead the way. That’s all the more important because we know that countries' current contributions to reduce emissions will not get us to well below 2 degrees, let alone 1.5. We will have to use all our Paris Spirit in 2018 to face that reality together and encourage more ambition”, Cañete said.

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