The EU and its Member States wish to communicate the following INDC. The EU and its Member States are committed to a binding target of an at least 40% domestic reduction in greenhouse gas emissions by 2030 compared to 1990.
In dark blue the reference year of 1990 and the target years of 2020 and 2030. CO2 emissions from BP, GDP growth from The World Bank. Implementation of Kyoto in 2005 sent Europe’s CO2 emissions onto a downward trajectory… and GDP growth with it? The rise in energy prices caused by a peak in conventional oil production, unsustainable growth in debt, the € project and the outbreak of WWIII make the big picture somewhat more complex.
So this is not a “National” but a group submission, and while it says “binding”, the Paris treaty is not. I guess some major horse trading lies ahead within the EU group, which as we all know is currently a picture of gracious harmony. The EU has found that recession and depression are the most effective way of cutting greenhouse gas emissions and the question does need to be asked to what extent climate and energy policies have created that state (see chart)?
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