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EU Leaders Approve To More Cut Greenhouse Emissions After All-Night Atmosphere Talks

Source: Global News

European Union leaders reached a hard-fought deal Friday to cut the bloc’s greenhouse gas emissions by at least 55% by the end of the decade compared with 1990 levels, avoiding a hugely embarrassing deadlock ahead of a U.N. climate meeting this weekend.

Following night-long discussions at their two-day summit in Brussels, the 27 member states approved the EU executive commission’s proposal to toughen the bloc’s intermediate target on the way to climate neutrality by mid-century, after a group of reluctant, coal-reliant countries finally agreed to support the improved goal.

“Europe is the leader in the fight against climate change,” tweeted EU Council president Charles Michel as daylight broke over the EU capital city. “We decided to cut our greenhouse gas emissions of at least 55% by 2030.”

Five years after the Paris agreement, the EU wants to be a leader in the fight against global warming. Yet the bloc’s heads of state and government were unable to agree on the new target the last time they met in October, mainly because of financial concerns by eastern nations seeking more clarity about how to fund and handle the green transition.

But the long-awaited deal on a massive long-term budget and coronavirus recovery clinched Thursday by EU leaders swung the momentum.

Large swaths of the record-high 1.82 trillion-euro bundle are set to fill projects and speculations intended to help the part states, districts, and areas especially influenced by the green change, which are needing a profound financial and social change. EU leaders have agreed that 30% of the package should be used to support the transition.

Still, agreeing on common language was not an easy task. Negotiations were punctuated throughout the night by intense discussions in the plenary session and chats in smaller groups on the sidelines.

Another delay in revising the EU’s current 40% emission cuts objective for 2030 would have been particularly embarrassing before the virtual Climate Ambition Summit marking five years since the Paris deal, and leaders worked to the wire to seal a deal.

The event on Saturday will be co-hosted by the U.K. with the United Nations and France. British Prime Minister Boris Johnson announced a week ago he needs the U.K. to cut ozone harming substance emanations by at any rate 68% from 1990 levels by 2030 _ a more ambitious goal than the EU’s.

Poland, which last year didn’t commit to the EU’s 2050 climate neutrality goal, and other eastern countries, including the Czech Republic and Hungary, largely depend on coal for their energy needs. They considered it unfair that all member states should be submitted to the same ambition without considering their respective energy mixes.

To win their approval, member states agreed that the new target should be delivered collectively. According to the Belgian Prime minister’s office, “leaders agreed that the cuts will be first achieved in sectors and countries where there is still plenty of room for improvement.”

In addition, the European Commission will take into account specific national situations when drawing up the measures. A progress report will be submitted to the European Council in the spring.

World leaders agreed five years ago in Paris to keep the global warming increment to below 2 degrees Celsius (3.6 degrees Fahrenheit), and preferably close to 1.5 degrees C (2.7 degrees F) before the century’s over. Under the Paris accord, nations are needed to submit updated climate targets before the current years over.

This news is originally posted on globalnews.ca

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