Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-14-Speech-3-343-000"

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"en.20110914.24.3-343-000"2
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"When the EU decided in 2008 to cut its greenhouse gas emissions, it showed its commitment to tackling the climate change threat and to lead the world in demonstrating how this could be done. The agreed cut of 20% from 1990 levels by 2020, together with a 20% renewables target, was a crucial step for the EU's sustainable development and a clear signal to the rest of the world that the EU was ready to take the action required. This alone is not enough to deliver the goal of keeping global temperature increase below 2°C compared to pre-industrial levels. At the same time, the crisis has put heavy pressure on the EU economy. Businesses today are squeezed by depressed demand and the challenge of finding sources of funding. With a lower carbon price, government revenue from auctioning could also be halved, adding to pressure on public finances and reducing another potential source of public funds available for the purpose of the fight against climate change. The requirement to find the investment needed in areas like electricity, heating, and transport to reach the agreed 20% renewable energy target has not gone away."@en1

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