Malta, Ire­land to face bills up to €13m for missed car­bon tar­gets

The Malta Business Weekly - - NEWS -

Malta and Ire­land will be the only two EU coun­tries forced to buy their way out of their 2020 cli­mate change obli­ga­tions.

While other EU mem­ber states are likely to miss tar­gets to re­duce green­house gas emis­sions, only Ire­land and Malta have un­der­achieved to the ex­tent they will have to pur­chase car­bon per­mits at an ex­pected cost of be­tween €6m and €13m.

A new re­port from the Euro­pean En­vi­ron­ment Agency warns that progress on ramp­ing-up use of re­new­ables and im­prov­ing en­ergy ef­fi­ciency is slow­ing across the Euro­pean Union.

Ris­ing en­ergy con­sump­tion, par­tic­u­larly in the trans­port sec­tor, is to blame for the slow­down, the Trends and pro­jec­tions in Europe 2018: Track­ing progress to­wards Europe's cli­mate and en­ergy tar­gets re­port pub­lished says.

Based on data around green­house emis­sions, re­new­able en­ergy up­take and en­ergy con­sump­tion pro­vided by mem­ber states, it says while the EU re­mains on track to achieve its 2020 tar­gets on emis­sion re­duc­tions and in­creased re­new­able en­ergy use, in­creas­ing hikes in con­sump­tion need to be re­versed.

It also says "re­newed ef­forts" will be needed to meet more oner­ous 2030 tar­gets.

The coun­tries not on track to meet tar­gets are Ire­land, France, Bel­gium, Lux­em­bourg, the Nether­lands, Ger­many, Swe­den, Fin­land, Poland, Bul­garia, Malta and Cyprus.

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