January 2009
ENDS (Environmental Data Services);Jan2009, Issue 408, p40
The author reports on the European Union (EU) 20/20/20 climate package. The package's goal is to cut EU greenhouse emissions by 20 percent in 2020, provide 20 percent of the bloc's energy from renewable sources, and cut primary energy use by also 20 percent. According to the European Commission, the package will cost about €90 billion and will drop the gross domestic product (GDP) of the EU by 0.35-0.5 percent by 2020. The EU emissions trading scheme (EUETS) that accounts for about 40 percent of the European Union's emissions is also discussed.


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