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| EU calls for global carbon market | EU calls for global carbon market |
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| The European Commission has called for a global carbon trading market as part of a plan to tackle climate change. | The European Commission has called for a global carbon trading market as part of a plan to tackle climate change. |
| The EU is already committed to expanding its Emissions Trading Scheme (ETS), but now it is urging other industrialised countries to join in. | The EU is already committed to expanding its Emissions Trading Scheme (ETS), but now it is urging other industrialised countries to join in. |
| The commission says that by 2015 it wants to link the ETS to other carbon trading systems. The goal is to include emerging economies by 2020. | The commission says that by 2015 it wants to link the ETS to other carbon trading systems. The goal is to include emerging economies by 2020. |
| A UN climate conference in Copenhagen in December is to strive for a deal. | A UN climate conference in Copenhagen in December is to strive for a deal. |
| The commission proposals presented on Wednesday are designed as the EU's contribution to the UN debate, with the aim of getting a new global pact on measures to tackle climate change. EU 20/20/20 TARGETS 20% cut in greenhouse gas emissions by 2020, compared with 1990 levels20% increase in use of renewable energy by 202020% cut in energy consumption through improved energy efficiency by 2020 href="/1/hi/sci/tech/7856120.stm">EU urges US climate commitment class="" href="/1/hi/world/europe/7765094.stm">EU climate package explained | |
| The pact would be a successor to the 1997 Kyoto protocol, which was not ratified by the US, the world's biggest polluter. | The pact would be a successor to the 1997 Kyoto protocol, which was not ratified by the US, the world's biggest polluter. |
| The commission, which draws up EU legislation, wants poorer developing countries to put in place plans to cut greenhouse gases. | The commission, which draws up EU legislation, wants poorer developing countries to put in place plans to cut greenhouse gases. |
| It says that to cut emissions, more investment will be needed globally - rising to as much as 175bn euros (£162bn) annually by 2020. | It says that to cut emissions, more investment will be needed globally - rising to as much as 175bn euros (£162bn) annually by 2020. |
| More than half of that investment will be needed in developing countries, the commission says. | More than half of that investment will be needed in developing countries, the commission says. |
| In December the European Parliament backed a package of EU measures to combat global warming, including a pledge to cut carbon emissions by 20% by 2020, compared with 1990 levels. | In December the European Parliament backed a package of EU measures to combat global warming, including a pledge to cut carbon emissions by 20% by 2020, compared with 1990 levels. |
| But critics said concessions made to some industrial sectors would lessen the package's long-term impact. | But critics said concessions made to some industrial sectors would lessen the package's long-term impact. |
| Scientists say carbon dioxide emissions need to be cut by 25-40% by 2020 for there to be a reasonable chance of avoiding dangerous climate change. | Scientists say carbon dioxide emissions need to be cut by 25-40% by 2020 for there to be a reasonable chance of avoiding dangerous climate change. |
| The EU aims to boost its use of renewable sources to 20% of total energy use and achieve a 20% cut in energy consumption by 2020. | The EU aims to boost its use of renewable sources to 20% of total energy use and achieve a 20% cut in energy consumption by 2020. |
| The EU's ETS system for trading CO2 allowances was launched in 2005. It covers heavy industry and big power plants, but gradually more sectors will be included. | The EU's ETS system for trading CO2 allowances was launched in 2005. It covers heavy industry and big power plants, but gradually more sectors will be included. |