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EU changes course for 25 percent CO2 cut, no new target

Fri, 02/11/2011 - 5:28am
Reuters

BRUSSELS (Reuters) - The European Union is overhauling its energy strategy in a way that should put it on track for a 25 percent cut to greenhouse gases by the end of this decade, smashing its own 20 percent target, EU sources say.

The move will be achieved not via a new headline target for carbon cuts, but through rigorous energy saving measures and low-cost tweaks to the carbon market, one of the sources said.

The EU's 27 leaders last week agreed to improve their enforcement of the EU's 20 percent energy efficiency strategy, after hearing they were on track to fall halfway short.

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