New Report Shows EU Can Double its Emissions Targets
A new report by the Stockholm Environment Institute and Friends of the Earth Europe shows that Europe can and must cut its emissions by 40% in 2020 and 90% in 2050.
Just a week ahead of the UN Climate Change Summit in Copenhagen, a new study released Tuesday, December 2nd by the Stockholm Environment Institute in partnership with Friends of the Earth Europe proves for the first time that Europe could double its greenhouse gas emission reduction target for 2020.
The report, titled ‘Europe’s Share of the Climate Challenge: Domestic Actions and International Obligations to Protect the Planet,' shows how Europe can cut its emissions by 40% in 2020, and by 90% in 2050 compared to 1990 levels. Europe is currently only aiming for half of those reductions.
Magda Stoczkiewicz, director of Friends of the Earth Europe said: “This study proves that it is possible for Europe to deliver its fair share of necessary global emission cuts. A 40% cut by 2020 in Europe is feasible and affordable, and it can be done without resorting to dangerous or unproven solutions. The EU can make these cuts in a way which not only improves the quality of life for people in Europe, but also ensures the rights of poorer parts of the world to develop sustainably.”
The study also shows that drastic cuts by the EU will not be enough and that the EU and other countries must support the developing world's climate challenge. It suggests that the EU should contribute between €150 and €450 billion per year to developing countries, or less than €3 per person per day. Only the combination of a reduction in emissions by the EU as well as the provision of adequate finances for the EU will be enough to fight climate change.
Dr. Charles Heaps of the Stockholm Environment Institute, lead author of the report and a senior scientist in SEI’s climate and energy program, said: “Our analysis shows that deep cuts in emissions can be achieved in Europe at reasonable cost between now and 2050. The scale and speed of changes required may seem daunting...but the potential costs of inaction are so large that doing nothing presents a far more implausible and dangerous future pathway for Europe.”
Read the full report here.