Friday, August 17, 2012

EU target is the time in the world's most ambitious, but to what extent it is based on false accounting?

The EU has gained much credit in the international climate. He was driven through a road map for a second Kyoto agreement on climate change summit in Durban, and closes by pulling the world's airlines in a carbon pricing scheme.

More than anything, it showed good faith with a series of avant-garde of decarbonisation targets at home: the objectives of "20-20-20". In 2020, the EU pledged to reduce emissions of greenhouse gas emissions by 20% over its 1990 level, and increase the share of renewables to 20% of the energy mix. It also has a voluntary target to improve energy efficiency by 20% from 2005 levels, and the obligation to provide 10% of transportation fuels from renewable energy sources for the same year.

"We do not expect the talks to end binding targets," said Commissioner climate, Connie Hedegaard, in Brussels, shortly before the summit in Durban. "We're trying to move forward with our roadmap for energy efficiency in low carbon, discuss how we can strengthen efforts to return home."

was right to good faith. Addresses of the EU climate and environment are among the most talented friends and dedicated the land they could find. But what if a culture of creative accounting, for reasons of political expediency, was flying the goals that work for the credibility of any

Of the three objectives of the EU by 20% by 2020:

The EU is a pioneer in global climate policy, and the target in the world on climate most ambitious: a reduction from 80 to 95% of CO2 emissions by 2050 compared to 1990 levels. Later this year, Brussels will unveil new climate targets for 2030 and interim 2040, perhaps as milestones on the way. The rest of the world, no doubt, looking thrilled - or terrified, waiting to unravel plans

But that's because of fears of a parallel execution in the euro area to the crisis must be addressed now. Secondly, the EU has approved billions of euros of bad loans accounting for countries like Greece, who had arranged their finances to make it look as if they met the criteria when they were not. Greek number crunchers have used a known weaknesses in the accounting system of the EU to "juke the stats".
If a similar culture of false accounting in the Member States and the Commission of the European Union is at stake today, could eventually help produce a political mistake of catastrophic proportions, although you are not immediately.

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