BRUSSELS, Jan. 23 (UPI) -- A group of the top executives from leading international energy companies said it recognized the importance of EU climate goals but others were less supportive.
The European Commission called for a reduction in greenhouse gas emissions of 40 percent from the 1990 benchmark by 2030, an increase from the 20 percent target envisioned for 2020 for members of the European Union. A "more market-orientated approach" would help increase the share of renewable energy to 27 percent by 2030.
The Magritte Group, a consortium of chief executives from leading energy companies, said it recognized the emissions target as a "crucial" element to a successful European energy policy. The approach adopted by the commission "is of utmost importance in shaping the energy transition to a low carbon future," the group said in a statement Wednesday.
Jason Anderson, director of climate and energy programs at the WWF's European policy office, said the group was frustrated with what he said was a low gas emission target. The lack of legal requirements on member states, he added, was out of step with action needed to curb climate change.
"It is now up to member state governments to show the political leadership needed to inspire Europe towards an industrial and economic revolution that will provide for both people and the planet."
Existing targets for 2020 mandate a 20 percent reduction in emissions and a 20 percent share of renewable resources in the European energy mix.
