Posted by News New Mexico on Tuesday, October 28, 2014
On Thursday October 23, 28 European leaders met at a summit in Brussels to reach a climate deal that would build on previous targets of a 20 percent cut in greenhouse gases, a 20 percent boost in the use of renewable sources, and a 20 percent increase in energy efficiency, from the benchmark year of 1990, by 2020.
Prior to the meeting, countries such as Poland (which wanted to protect its coal industry) and Portugal (which has excess renewable energy that it cannot, currently, export to the rest of Europe) threatened to block the deal. Poorer states in Eastern Europe feared new cuts in carbon output would hurt them economically by slowing business growth. Industrialists complained that the new regulations would discourage business and investment in the bloc, at a time when its faltering economy can ill afford to lose it.
In an interview with Reuters before the summit, Connie Hedegaard, European Climate Commissioner, declared: “There should not be problems that could not be overcome.” As predicated, a deal was struck—though the current team of commissioners steps aside in days and the new commission will have to finesse the implementation. Read full column