The EU must harness its energy, transport and agriculture policies to cut CO2 emissions – and improve its Emissions Trading System (ETS) – to make the economy more competitive and dramatically less dependent on fossil fuels by 2050, says a non-binding resolution adopted by the European Parliament. The European Parliament broadly supports the European Commission’s “Roadmap for moving to a low-carbon economy”, which sets a policy framework for the European Union to achieve an 80-95% reduction in its CO2 emissions by 2050. The Roadmap sets out “milestones” to reduce CO2 by at least 40% by 2030, 60% by 2040 and 80% by 2050.
On Tuesday 4th September the EU Committee welcomed Matthias Groote MEP to talk about the ‘Low Carbon Roadmap’ and his role as chair of the Environment committee of the European Parliament. During his presentation Mr Groote argued that Europe should convert its economy to an economy with low carbon emissions. He emphasized that we need to find a balance between solid economic growth and protection of the environment. We also need to pay special attention to carbon leakage.
After his presentation the members of the British Chamber had the chance to ask questions. Mr Groote answered all the questions related to the further promotion of CCS, the price for energy, labelling of renewables and the aviation industry and ETS.