Developments in energy and climate - emissions trading and greenhouse gas emissions
Emissions trading will play an essential role in reducing greenhouse gas emissions by 40 percent by the year 2030. It is intended to generate more than half of the targeted reductions in emissions. The total quantity of emissions certificates within the emissions trading scheme will be reduced annually by 2.2 percent from 2020 onward. The foreseeable shortage of certificates will cause certificate prices to rise.
European energy and climate policy 2030
At the end of 2014, the European heads of state and government decided on the objectives of the EU energy and climate policy to the year 2030. They were an extension of the existing goals already contained in the EU’s energy and climate package for 2020. These goals are extremely ambitious and can only be defined in coordination with other industrialized nations.