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Climate and energy package of the European Union Commissioner Olli Rehn Helsinki, 14 February 2008

Climate and energy package of the European Union Commissioner Olli Rehn Helsinki, 14 February 2008. Objectives agreed for 2020. 20% GHG reduction compared to 1990 Independent commitment 30% GHG reduction compared to 1990 Subject to an international agreement

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Climate and energy package of the European Union Commissioner Olli Rehn Helsinki, 14 February 2008

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  1. Climate and energy package of the European Union Commissioner Olli Rehn Helsinki, 14 February 2008

  2. Objectives agreed for 2020 • 20% GHG reduction compared to 1990 • Independent commitment • 30% GHG reduction compared to 1990 • Subject to an international agreement • 20% renewables share of final energy consumption • 10% biofuels in transport, with • production being sustainable • 2nd generation biofuels commercially available

  3. GHG Target: -20% compared to 1990 -14% compared to 2005 EU ETS -21% compared to 2005 Non ETS sectors -10% compared to 2005 27 Member State targets, stretching from -20% to +20%

  4. Concluding remarks • EU showing leadership in climate change • EU on a path towards a low-carbon economy • Cost-efficiency and fairness as guiding principles • A blueprint for international negotiations (‘common and differentiated responsibilities’) • A significant effort, but future benefits far outweigh the costs • Positive spillovers in the economy, energy security and environment, even in the short term

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