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The EU should set an ETS price floor, to attract investment to low-carbon options. The Commission should propose this without further delay.
Energy is central to climate change mitigation. Over three quarters of the EU-27’s greenhouse gas emissions come from the production and use of energy. Energy is also central to the economy, fuelling industry and providing substantial employment.
Uncontrolled climate change is the greatest risk that humanity faces. The main burden will fall on developing countries, particularly in sub-Saharan Africa.
The EU has relied on oil and gas from Azerbaijan to reduce its dependence on Russian energy supplies since the beginning of the century.
The EU’s target for 20 per cent reduction in energy demand is non-binding but it does provide incentives for member-states to increase energy efficiency and so lower their overall demand for energy.
The EU carries more weight in UNFCCC negotiations than the UK would acting alone.
Charles Grant analyses Britain's difficult relationship with the EU and looks back on what the CER did in 2012.
The European Investment Bank (EIB) lends half its annual energy pot to efficiency and renewables. But it is still lending to coal. This is inconsistent with climate policies.