EU on track to meets its climate and energy targets for 2020
The European Environment Agency (EEA) has announced that the greenhouse gas emissions in the European Union (EU) fell almost two percent between 2012 and 2013, moving the EU closer to its 2020 reduction target. Based on the EEA analysis, the EU is also on track to meet its target to boost renewable energy and energy efficiency by 2020.
The EEA analysis also states that the EU is in fact likely to surpass its target to cut greenhouse gas emissions by 20 percent from the 1990 levels by 2020. With 14 percent of final energy consumption generated by renewable sources in 2012, the EU is also ahead of the planned trajectory to hit 20 percent renewable energy by 2020. Additionally, the EU’s overall energy consumption is also falling faster than would be necessary to meet the 2020 energy efficiency target.
The EU’s new targets for 2030 include reducing greenhouse gas emissions by at least 40 percent from 1990 levels, increasing renewable energy to make up at least 27 percent of final energy consumption, and a minimum 27 percent reduction in the overall energy consumption. The current projections indicate that further efforts are required to keep the EU on track towards its 2030 and 2050 targets.