UK To Vote Against 2030 EU Renewable Target – Davey

Wednesday, 29 May 2013 UK to vote against 2030 EU renewable target – Davey The UK government is likely to oppose an EU renewables target for 2030 which is considered “inflexible and unnecessary”, energy secretary Ed Davey said. He made the comment after the European Parliament on Monday extended a deadline for the submission of amendments to a proposal to intervene in the carbon market. “Whilst we strongly support renewables to 2020 and beyond, the uncertainties at this time are too large to set hard numbers in a binding EU Renewables target, which we do not believe would be cost effective or fit well with our electricity market reforms,” Davey said. Britain would, however, will continue to support a 40% cut in the emissions 2030 target, from 1990 levels, and would even endorse increasing that target to 50% -– if the UN was to adopt an ambitious global reduction in emissions target by 2015. The EU currently has a 2020 target to both cut emissions by 20% and increase renewables by the same amount. The European Parliament on Monday extended a deadline for the submission of amendments to a proposal to intervene in the carbon market by six hours, giving MEPs six hours more time to submit amendments to the proposal on backloading. The proposal, tabled by the European Commission, is intended to provide a short-term boost to carbon prices on the EU ETS by delaying the release of 900m allowances until the end of the decade. The extension of the vote was intended to support efforts of independent observers to broker a potential compromise on the proposal, which the parliament rejected in April. Ultimately, the backloading proposal is set to be voted on in the Parliament’s environment committee on 19 June. Read more: http://gastopowerjou…y#ixzz2Uh9j9k9P Taylor Scott International