EU Meetings On 2030 Climate Targets Expected To Get “Messy”

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EU Meetings On 2030 Climate Targets Expected To Get “Messy”
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While the European Union (EU) is looking to CO2 emissions by 40% from the levels of 1990, that is a potential sticking point and may see Poland use its veto. In addition to CO2 emission discussions, the assembled leaders will also be looking to set targets for renewable energy as well as efficiency.

While the United Nations will assemble in Paris next year hoping to agree a deal on climate, the chances of that happening will be increased if Europe already has an agreement in place. The meeting being held in Brussels today, and likely into the evening, is focused on the 2030 targets, goals for 2050 are also likely to be discussed.

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2030 climate targets and Poland

While the EU is calling for a reduction of CO2 by 80-95% for 2050, the group needs to deal with 2030 targets first.

Poland, in its first summit, is expected to put up a fight as the country presently gets 90% of its energy through the burning of coal. Given this, a 40% reduction in carbon emissions by 2030 would prove nearly impossible for the relatively poor nation.

“This issue actually concerns all Poles, because everyone uses electricity,” said newly elected Polish Prime Minister Ewa Kopacz last week.

“That is why, if our conditions are not satisfied, I will have to make a radical move, even though this will be my first summit.” That radical move is certainly the exercising of Poland’s veto.

However, due to a recently leaked draft of the agreement, it’s believed that poorer countries will be offered 10% of the Emissions Trading Scheme (ETS) allowances. Poland and others would be allowed to sell these in order to offset the financial burdens they will face as they move away from coal.

“It seems certain that EU heads of state will agree on a target to reduce greenhouse gas emissions by 40%,” said Brook Riley, from Friends of the Earth in Brussels.

“They will try and pass that off as ambitious but the fact is that it means a 50:50 chance of crossing the 2C temperature threshold.”

Climate targets and Other potential pratfalls

In addition to the “Polish Dilemma,” the meeting will see both Ireland and Portugal arguing for special treatment. Ireland will certainly argue that its carbon-swallowing boglands and forests entitle it to a separate calculation when it comes to carbon emissions. Portugal is interested in more flexibility when it comes to exporting its massive surplus of energy created by renewable sources.

While there are certainly hurdles to get past, pounding out an agreement today will be child’s play compared to the United Nations meeting next year and most experts expect common ground will be reached today.

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While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. <i>To contact Brendan or give him an exclusive, please contact him at [email protected]</i>

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