EU summit to debate multi-billion carbon quota 'transfer' system

(EurActiv, 21 Oct 2014) European leaders meeting later this week for an EU summit on energy and climate change will discuss proposals allowing energy-rich nations like France and Germany to transfer 10% of CO2 emissions quotas to member states such as Poland, who are struggling to diversify their energy mix. EurActiv France reports.

The EU's 28 heads of states and government will try to reach agreement on climate and energy policy for 2030 at the EU summit, which takes place in Brussels on Thursday and Friday (23 and 24 October).

Leaders will debate the European Commission's proposed targets for 2030 to reduce greenhouse gas emissions, ramp up renewable energy and improve energy efficiency across the continent.

2030 proposals include a 40% greenhouse gas reduction target and a 27% share for renewable energy in the continent’s mix for 2030, as well as a 30% reduction in energy consumption.

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EurActiv, 21 Oct 2014: EU summit to debate multi-billion carbon quota 'transfer' system