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Thursday, 26 January 2012

EU’s carbon emissions reduction target: key for developing countries

European chair of the G77 group of developing nations, Pa Ousman, recently told Euractiv that an increase in the EU’s carbon emissions reduction target to 30% on 1990 levels within eight years is ‘very fundamental’ to the developing world’s interests. He stresses that raising the EU’s 2020 target from 20% to 30% would be far cheaper than thought because of the fall in European economic activity.   
Moreover, he said that he thinks “[…]that we now have an opportunity for the EU to ensure that a second Kyoto Protocol commitment period is realized […] because that was a rallying point for a lot of parties.”
The Durban Climate Change Summit in December agreed an roadmap for negotiations to conclude a global climate treaty with binding emissions reduction targets by 2015. This treaty would come into force no later than 2020.
Source: Euractiv

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