COP21: What’s in it for Europe
Speaking in Brussels before Christmas, Commissionr Miguel Arias Cañete, responsible for Climate Action, said that the current EU legislative targets would remain in place following the COP21 agreement in Paris. He confirmed that it would be for the next European Commission to decide on whether to strengthen the 40% emissions reduction target for 2030 (agreed by EU leaders last year) after the first of the ‘five-year stock takes’ set up by COP21 had taken place. Commenting on the Paris negotiations, the Commissioner confirmed that the 5-year review mechanism and a transparent framework for reporting emissions globally were two of the EU’s key negotiating priorities. The EU also pressed for the so called Intended Nationally Determined Contributions (INDCs) setting out national emissions reducing contributions in the run up to Paris that proved significant in securing a deal during the two week negotiations. However, the EU failed to secure commitments in the fields of aviation and shipping in the final text. The next global ‘stock-take’ on the Paris Agreement takes place in 2018.
Meanwhile a report from London School of Economics questions the credibility and achievability of some of the INDC commitments made by states around the world. The EU and its Member States come out quite well in the report in comparison to other regions of the world. READ MORE