The European Union Continues on Its Course to Lower GHG Emissions

The European Union confirms the next milestone along its energy Roadmap . The nations of the world are working toward establishing a new climate treaty by late 2015 that would lower future greenhouse gas emissions (among other provisions). Independently, the European Union (EU) agreed to a significant goal in reducing emissions of greenhouse gases (GHGs) on October 23, 2014 . The EU is a supranational organization of 28 member nations. As detailed below, it has had policies in place for almost a decade to reduce GHG emissions. The new pronouncement extends its timelines and codifies goals it had already established earlier. Specifically, the EU agreed to lower GHG emissions by 40% below the emission levels of 1990 by 2030. The goals also include achieving a 27% share of energy from renewable sources, and increasing energy efficiency by 27%. Emission Trading Scheme . The EU began implementing policies to reduce GHG emissions as the Kyoto Protocol...