Wednesday, May 23, 2012

Implementation of the Climate Plan Requires Zero Carbon Energy Production

The European Climate Foundation published a report which asserts that as long as EU takes on aggressive initiatives for carbon emissions reduction, it will successfully be able to reduce its emissions by up to 80% by 2050. The same report says that such targets by EU are attainable and would be economically beneficial, which will consequently lead to benefits for multiple sectors.

Central to the assertions made by the European Climate Foundation is to make all energy production close to being entirely carbon neutral by 2050, given that the EU will be united in achieving this through the soonest possible investments. Initiatives such as renewable energy generation, like increasing nuclear capacity, needs to be pursued as early as possible. If there is a significant delay through our current decade, building targets and other initiatives will be accelerated so significantly that they may not be achievable.

A report published by the European Climate Foundation asserts that the European Union is well able to reduce its greenhouse gas emissions by a total of 80% through the year 2050, so long as it takes aggressive action. The foundation's report asserts that the European Union targets are achievable and may be reached economically and reliably as well, meaning that the outcome will not just assuage the environmentalists.

Many advocate that it will take truly visionary steps by government and industry leaders to enable us to achieve a true low carbon economy by the year 2050. Investment in new technology is anticipated to reach 3 trillion over the next four decades, but this can be more than offset by savings in energy efficiency and any reduction in our reliance on fossil fuels.

The European Union climate plan is actually the most aggressive in existence today, especially as it is tied to industry-leading initiatives such as the EU Emissions Trading scheme, now in its fifth year. Many other parts of the world have talked around the subject, but the European Union has actually taken significant steps forward. The European Climate Foundation's latest findings endorse the Union's strategy and should give it additional course in the pursuit of its goals.

Environmental experts assert that the EU must convert its power sector to carbon neutral if it is to be able to meet its significant goals. Due to the fact that power generation is one of the main contributors of the problem, there is a pressing need to adopt both the low and no carbon power generations initiatives.

The EU climate plan can be a major achievement considering that it should be the collaboration of 27 member countries. The member countries have already agreed to share the burden of the agreement, covering emission reductions in every country while having a central, semi-independent monitoring body that will oversee and corroborate in all activities related to this goal.

There's considerable pressure on legislators within the United States to come up with a climate plan for the world's largest polluter. Notoriously slow in addressing climate related issues, the United States falls way behind the European Union in taking real action.

Whether a cap and trade scheme or direct carbon taxation is the answer, business interests in the United States realize that they will be impacted in one way or another in the years ahead as the climate plan eventually materializes in the United States. It is within their interests to understand the size of the business carbon footprint as soon as possible and to take immediate action to get "ahead of the game."


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