Initial attempts to create a market for carbon trading in Europe have failed to provide effective incentives for green energy. A&O’s Matt Townsend and Jennifer Wallace assess the challenges ahead
There is no shortage of targets when it comes to Europe’s climate change policy. In addition to commitments under the Kyoto Protocol, the European Union (EU) aims to achieve a 20% reduction (from 1990 levels) of greenhouse gas (GHG) emissions by 2020 (rising to 30% if other countries commit to similar levels in ongoing negotiations). By the same date, the EU wants to see 20% of all its energy come from renewable sources. In the UK, the Climate Change Act 2008 requires a 34% cut in GHG emissions by 2020, and a cut of 80% by 2050. The concern is whether the mechanisms used by European governments will work to deliver these targets.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
