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EU reaches deal on CO2 emissions cut – Europe – Al Jazeera English

EU reaches deal on CO2 emissions cut – Europe – Al Jazeera English.

The agreement adopts 27 percent targets for renewable energy supply and efficiency gains [EPA]
European Union leaders have reached what they described as the world’s most ambitious climate change targets for 2030, paving the way for a new UN-backed global treaty next year.

The 28 leaders on Friday finally overcame divisions at an EU summit in Brussels to reach a deal including a commitment to cut greenhouse gas emissions by at least 40 percent compared to 1990 levels.

They also agreed on 27 percent targets for renewable energy supply and efficiency gains, despite of reservations from some member states about the cost of the measures.

“Deal! At least 40 percent emissions cut by 2030. World’s most ambitious, cost-effective, fair EU 2030 climate energy policy agreed,” EU presidentHerman Van Rompuy tweeted.

The EU wanted to agree on the targets ahead of a summit in Paris in November and December 2015, where it is hoped the world will agree to a new phase of the Kyoto climate accords which run until 2020.

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