The European Commission finally approval the energy efficiency plan on Wednesday after reaching a resolution of debates about the impact of extended energy efficiency targets on the carbon market. The plan, which pursues a non-binding, EU-wide reduction in energy use of 20 per cent by 2020, now incorporates an explanatory Memorandum which provides for the possible set-aside of carbon allowances in the event that the market is affected. The plan now requires approval from the parliament and council and it remains to be seen whether these provisions will be incorporated into the main text of the Directive or left without legal effect.
Source: Energy Efficiency and Climate Change News: 24 June 2011, IEA
Sunday, June 26, 2011
Subscribe to:
Posts (Atom)
