Figures released from the European Environment Agency indicate that Europe will significantly outperform its 2020 climate target;
however, Sandbag finds that the EEA continue to seriously downplay the level of emissions cuts Europe can expect.
Moreover, we argue that spare allowances banked from the current climate package threaten to undermine the ambition of Europe’s 2030 climate offer unless action is taken to tighten Europe’s carbon budgets.
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