A group of NGOs, including T&E, has sent an open letter to EU president Herman van Rompuy, on the eve of the European Council on 17-18 June, pointing out how investing in a green economy could help the EU overcome the economic crisis.
“With stronger climate targets, European governments could create hundreds of thousands of new green jobs, according to a recent European Commission report”, the letter reads. “Instead of wasting cash on foreign oil and gas, EU countries could save up to €40 billion by boosting renewables. Savings in pollution control and health costs would be worth between €6.5 billion and €11.5 billion”.
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The European Commission’s decision to allow offsets to meet its 90% emissions reduction target by 2040 will severely weaken Europe’s climate efforts, ...