Bigger British Carbon Cuts Easier Than Smaller Ones – Report

A new analysis concludes that if the EU were to set higher emissions-cutting goals now, by increasing its current target of a 20% cut to a 25 or 30% by 2020, it would save money in the medium and long term, reports Fiona Harvey at the UK Guardian. A 25% cut would generate  €20bn a year in fuel cost savings alone. Partly due to the recession, but also because of efforts made in the past decade to cut carbon, the current 20% emissions-cutting goal is almost met.  The problem with this is that because the goal is no longer stretching, businesses and consumers are likely to make high-carbon investments in the next decade instead of making the lower-carbon choices needed. Thus, it will cost far more to cut emissions in the 2020s and 2030s, when deeper cuts will be needed to avoid dangerous climate change. Europe-wide, it would cost about 0.5% of GDP to achieve a 30% emission cut by 2020, but this does not include benefits such as building a green economy, lower air pollution and potential savings on future soaring prices of fossil fuels.

Source

Tougher 30 percent emissions cut would be cheaper than expected: Report. Chris Huhne’s support for higher 30 percent emissions cut target gets boost as European Commission analysis concludes it would actually save money over a smaller cut. Guardian

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About melharte

Mel (Mary Ellen) Harte is a biologist (PhD) and climate change educator. She co-authored the free online book, COOL THE EARTH, SAVE THE ECONOMY, available at www.CoolTheEarth.US, and writes the CLIMATE CHANGE THIS WEEK column at the HuffingtonPost. Living summers in the alpine Rockies, she is on the frontlines of watching what climate change can do. Her diagnostic digital photographs of wildflowers have appeared in numerous publications.
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