26 May 2010 20:25 [Source: ICIS news]
TORONTO (ICIS news)--Germany’s chemical industry on Wednesday warned the EU commission against moves to unilaterally raise the EU’s greenhouse gas (GHG) reduction target to 30% by 2020, up from the current 20%.
A 30% reduction of GHG emissions below 1990 levels, would – in the absence of a global climate accord – harm ?xml:namespace>
The group was reacting to an “invitation” earlier on Wednesday by the commission to “an informed debate” on the impact of a move to a 30% EU GHG emissions reduction target.
EU commissioner for climate action Connie Hedegaard said whether to increase the target for 2020 from 20% to 30% was a political decision for EU leaders to make.
VCI general manager Utz Tillman said his group was particularly critical of the commission’s conclusion that climate protection had become easier and cheaper in the wake of the global economic and financial crisis.
“It would be irresponsible in this situation to burden industry with additional costs for climate protection,” he said.
Tillman also said he was worried that the commission could use the prospect of higher revenues from emissions trading to persuade EU member states to accept a 30% target.
Also, the commission did not recognise the true extent of “carbon leakage” – that is, the relocation of production from the EU to countries with lower carbon emission standards, he said.
Emissions generated in those countries would be far higher than the reductions
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections