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Thursday, 28 October 2010

EU set to overshoot its Kyoto emission targets

A large fall in greenhouse gas emissions brought about by a reduction of industrial activity led by the economic crisis has put the EU on a fast track to meet its Kyoto commitments, but Austria, Denmark and Italy are falling behind, according to new figures. The EU-15 cut their average annual greenhouse gas emissions by 253 million tonnes of CO2-equivalent beyond what would be required to meet their collective 8% target during 2008 and 2009, according to the latest progress report by the European Environment Agency (EEA), published on 12 October."This puts the EU-15 collectively 5.9% below the 8% Kyoto reduction target," the EEA said. This would give them a head start "to reach and even overachieve" the target, it added. However, the report noted that the estimates are based on the assumption that EU countries overachieving their targets will be able to make up for any shortfall by others. It identified Austria, Denmark and Italy as the black sheep that will have to achieve further emission reductions in sectors not covered by the EU emissions trading scheme (EU ETS) or by buying more carbon credits than already planned.

Source: Euractiv

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