Wednesday, 12 May 2010

EU Carbon Emissions: Good News?

In my April 25th posting, I suggested that the EU needs to get more aggressive with it's emissions targets now that the recession has made it a lot easier to meet it's existing one.

Well, incredibily, they're looking at doing just that! They are seriously looking at outdoing their current target of 20% reductions by 2020 with a new one of 30%. The EU's climate commissioner is looking into it and feels it may be essential for driving the push for green technology. She argues we may be left behind and countries like China could be left to dominate this rapidly expanding market. More here.

In a similar vein, U.S. senators have announced a new climate bill. The intention is to cut 17% from emissions by 2020. Yes, it's not a huge amount but, considering there was no chance of ANY reduction under the Bush administration (He famously pulled out of the Kyoto agreement as one of his first acts on coming to power), it would be an encouraging start.

The problem is, the bill is going to be difficult to get through Congress even in it's watered down state. Don't expect any news on that for some months.

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