CO2 emission cuts approved by EU
The proposal to make efforts to cut down the emission of CO2 by up to 40 percent by 2030 has reached a landmark deal and the EU leaders have approved it.
The recent summit in Brussels ended them up in a heated discussion as members wanted their interests to be protected. Those with the knowledge of the matter say that they were able to come up with a conclusion by making the countries to compromise the heavy reliance on coal and those countries that are willing to commit more to achieve even more cuts.
While environmental groups that backed the deal said they welcomed it, they also acknowledged that the proposal has not been as effective in reaching out to the countries as they wanted it to. The block agreed to boost the use of renewable energy to 27 percent in the total consumption of energy and achieve energy efficiency by 27 percent. It is obvious that the EU leaders have difference of opinion between them regarding the emissions cuts.
Poland relies heavily on coal for its businesses and it fears that cutting down the use of coal might slow down its businesses and it will affect its economy. Such concerns of these countries were voiced by Poland executives and also other countries with similar concerns voiced their opinions including central and east European countries.
European Council President Herman Van Rompuy said after the meeting that poorer European Union members will be getting additional funds to reach the agreed targets. The UK has shown its opposition to make countries oblige to nationally binding targets for renewable such as wind, solar and hydroelectric energy. The UK is relying heavily on shale gas and nuclear energy as alternatives to the oil and gas imports that are currently the main source of energy to most countries.