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Sustainability :: Emissions Trading

OECD Adds to Case for 30% Carbon Emissions Cut by EU, Dismisses Industry Concerns

4:47 AM MDT | July 20, 2010 | Alex Scott

Angel Gurría, secretary-general of the the Organisation for Economic Cooperation and Development (OECD; Paris) has welcomed the call in recent days by ministers in France, Germany and the U.K. for the European Union (EU) to adopt a 30% reduction in greenhouse gas (GHG) emissions over 1990 levels by 2020. The EU’s current position is to reduce emissions 20% by 2020. Contrary to claims “from some quarters,” Gurria says that the 30% target “need not imply heavy economic costs.”   Gurria: Governments have tools to enable...

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