EU’s announcement for Paris climate deal fails to address loopholes that could slash announced target in half

Carbon Market Watch argues that the EU's commitment to reduce domestic greenhouse gas emissions by at least 40% by 2030 is undermined by a lack of transparency. Specifically, the organization warns that a surplus of 4-6.5 billion emission permits could reduce effective reductions to 17%-26%, and vague accounting for land-use removals could further lower the target by up to 5%.

• The EU has committed to reducing domestic greenhouse gas emissions by at least 40% by 2030, explicitly excluding the use of international credits.
• A surplus of emission allowances, estimated at 4-6.5 billion excess permits, threatens to reduce the effective emission reductions of the 40% target to between 17% and 26%.
• The EU's target could be reduced by up to 5% if emission removals from land-use sectors are used to offset carbon pollution from other sectors, such as transport, due to vague accounting rules.

APA

CMW (2015). EU’s announcement for Paris climate deal fails to address loopholes that could slash announced target in half. Carbon Market Watch. https://carbonmarketwatch.org/2015/03/06/media-statement-eus-announcement-for-paris-climate-deal-fails-to-address-loopholes-that-could-slash-announced-target-in-half/

Chicago

CMW. EU’s announcement for Paris climate deal fails to address loopholes that could slash announced target in half. Carbon Market Watch, 2015. https://carbonmarketwatch.org/2015/03/06/media-statement-eus-announcement-for-paris-climate-deal-fails-to-address-loopholes-that-could-slash-announced-target-in-half/.

Wikipedia

{{cite press release |last1=CMW |title=EU’s announcement for Paris climate deal fails to address loopholes that could slash announced target in half |publisher=Carbon Market Watch |date=6 March 2015 |url=https://carbonmarketwatch.org/2015/03/06/media-statement-eus-announcement-for-paris-climate-deal-fails-to-address-loopholes-that-could-slash-announced-target-in-half/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{cmw2015eus, author = {CMW}, title = {{EU’s announcement for Paris climate deal fails to address loopholes that could slash announced target in half}}, publisher = {Carbon Market Watch}, year = {2015}, month = mar, url = {https://carbonmarketwatch.org/2015/03/06/media-statement-eus-announcement-for-paris-climate-deal-fails-to-address-loopholes-that-could-slash-announced-target-in-half/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }