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Monday, 08 October 2012

No new EU climate targets until 2015 at earliest

Jos Delbeke, the European Commission’s director general for climate revealed at a conference in Brussels on 5 October that no new carbon dioxide emissions reductions targets for 2030 would be announced until after the next EU parliamentary elections in 2014. The announcement, which differes from information given by Brussels insiders, could flag climate and energy battle lines for the next parliament, after a bruising round of squabbles over carbon prices in the Emissions Trading System (ETS).
The Commission’s attempts to insert a short legal amendment to the ETS clarifying how it would “backload” or stagger the numbers of allowances issued at auction provoked a reaction from “some business quarters” that was “out of proportion”, Delbeke said. The amendment is scheduled to be debated in the European Parliament’s environment committee on 19 February 2013, a timetable Delbeke said he was “not thrilled about”. Meanwhile, the Commission’s proposal setting out how many allowances it wants to withhold from auction is due to be published by November.

Source: EurActiv

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