The Irish Times view on EU climate targets: vital to avoid backsliding
However, the Commission's latest set of proposals included a compromise that has attracted much criticism from environmental campaigners. Following intense lobbying, the commission announced new 'flexibilities' that would help member states reach their obligations. The most controversial of these is the proposal that from 2036, member states can use carbon credits to reach their overall target. Carbon credits is a system whereby countries can invest in carbon offsetting programmes in developing countries and include the reduction for domestic use.
Critics of the measure claim that it will divert much needed investment from the EU to the developing world, which will result in member states rolling back on their decarbonisation efforts. It should be noted, however, that as it stands, member states can only use carbon credits for 3 percent of their reduction efforts. While it is a fudge, its overall impact will be limited.
The package must to be signed off by all EU member states by September 19th. The Czech Republic, Italy and Hungary, want more compromises on the 90 per cent reduction target.
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Meanwhile, it emerged last week that the Patriots for Europe, a far-right grouping in the European Parliament, will take the lead in the parliament's response to the legislation, which will be deliberated this autumn. This has prompted concerns that there will be further 'flexibilities' before the EU's final package is agreed.
Broadly, the argument among sceptical member states and European Parliamentary groupings is that because Donald Trump has dropped America's climate change commitments, on the basis that they were a threat to economic growth, this will undermine the EU's competitiveness.
This is an entirely spurious argument. The devastating effects of climate change are becoming more frequent. It is the biggest threat to long term economic growth and prosperity. Any backsliding on commitments now to reduce the CO2 levels will have incalculable future costs.
The good news is that the EU is on track to reduce its CO2 emissions by 55 per cent by 2030 and 90 percent by 2040. But there is a significant disparity between member states.
Ireland is among the worst performing
, as the latest figures from the EPA show that the country is on course for a 23 per cent CO2 reduction by 2030. Just as it is incumbent upon the EU to retain its 90 per cent 2040 reduction target, it is also crucial that each member state, including Ireland, abides by its legally binding commitments.
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