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You can find the current article at its original source at http://www.theguardian.com/environment/2016/nov/30/eu-declares-war-on-energy-waste-and-coal-subsidies-in-new-climate-package
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| EU declares war on energy waste and coal subsidies in new climate package | |
| (35 minutes later) | |
| Europe will phase out coal subsidies and cut its energy use by 30% before the end of the next decade, under a major clean energy package announced in Brussels on Wednesday. | Europe will phase out coal subsidies and cut its energy use by 30% before the end of the next decade, under a major clean energy package announced in Brussels on Wednesday. |
| The 1,000-page blueprint to help the EU meet its Paris climate commitments also pencils in measures to cut electricity bills, boost renewable energies and limit use of unsustainable bioenergies. | The 1,000-page blueprint to help the EU meet its Paris climate commitments also pencils in measures to cut electricity bills, boost renewable energies and limit use of unsustainable bioenergies. |
| The EU’s climate commissioner, Miguel Arias Cañete, said that the new energy efficiency target was a centrepiece of the package, and would curb energy imports, create jobs and bring down emissions. | The EU’s climate commissioner, Miguel Arias Cañete, said that the new energy efficiency target was a centrepiece of the package, and would curb energy imports, create jobs and bring down emissions. |
| “Europe is on the brink of a clean energy revolution,” he said. “And, just as we did in Paris, we can only get this right if we work together.” | “Europe is on the brink of a clean energy revolution,” he said. “And, just as we did in Paris, we can only get this right if we work together.” |
| It is unclear whether the UK will pass the new clean energy measures into national law before an anticipated Brexit in 2019. | It is unclear whether the UK will pass the new clean energy measures into national law before an anticipated Brexit in 2019. |
| But the commission says that its benefits will include a €177bn (£151bn) mobilisation of public and private investment per year in the next decade. This could create 900,000 new green tech jobs and spur a 1% increase in GDP, the EU believes. | But the commission says that its benefits will include a €177bn (£151bn) mobilisation of public and private investment per year in the next decade. This could create 900,000 new green tech jobs and spur a 1% increase in GDP, the EU believes. |
| To keep the bloc on track towards its goal of providing 50% of electricity from renewables in 2030, the package will also end coal subsidies in “capacity mechanisms” that guarantee backup power reserves. | To keep the bloc on track towards its goal of providing 50% of electricity from renewables in 2030, the package will also end coal subsidies in “capacity mechanisms” that guarantee backup power reserves. |
| A benchmark of 550 grams of CO2 per kilowatt-hour will be introduced, in line with the European Investment Bank’s emissions performance standard. | A benchmark of 550 grams of CO2 per kilowatt-hour will be introduced, in line with the European Investment Bank’s emissions performance standard. |