EU Agrees To Cut Greenhouse Gas Emissions by 40%

EU Agrees To Cut Greenhouse Gas Emissions by 40%

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A two-day European Union summit concluded in the wee hours this morning with leaders announcing they’d reached a climate deal to cut carbon emissions through 2030 by 40 percent over 1990 levels.

The 28-nation bloc has already come close to an existing goal of cutting 20 percent of emissions over 1990 levels by 2020.

”It sets Europe on an ambitious yet cost-effective climate and energy path, said EU president Herman Van Rompuy. “Ultimately this is about survival.”

“Europe is setting an example,” said French President Francois Hollande, who hopes the United States and China might follow their lead.

The leaders also agreed to cut energy consumption by 27-percent and boost the use of renewables, although these targets are non-binding.

(READ the story from Reuters)

Photo by tristam sparks (CC license)