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EU Set on 40% Reduction of Greenhouse Gas Emissions by 2030

Posted October 24, 2014

Under Economic Issues, International Trade Issues

(TASS)

The EU has set a goal of reducing greenhouse gas emissions by 40% by 2030 (as compared to 1990) and increase renewable energy level up to 27% of total EU energy consumption, the outgoing European Council president Herman Van Rompuy reported after the first day of the EU summit.

According to Van Rompuy, the EU has set a goal to improve energy efficiency by 27%. Herman Van Rompuy said that one of the key priorities of EU development is achievement of energy independence.

Earlier on October 24, European Commission issued a statement, which said that EU would spend €180 billion on the fight against climate change. Read more here.