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EU reaches deal on national CO2 emission cut targets

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The European Union has agreed to a law that sets national targets to reduce overall carbon emissions by the end of the decade across sectors including agriculture, buildings and transport.

Negotiators of the European Parliament and the European Council, which represents the 27 EU members, agreed to a deal on the legislation called the Effort Sharing Regulation late on Tuesday.

These sectors, not now included in the EU emissions trading system, generate about 60% of EU greenhouse gas emissions. The planned law should reduce them by 40% compared to 2005. The ESR is designed to ensure that all EU members contribute to the goal in a fair way. So richer countries Denmark, Finland, Germany, Luxembourg and Sweden need to make 50% cuts, while for Bulgaria the target is 10%.

 

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