Denmark to Stimulate Discussion on EU 2030 Climate Goal in March
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Denmark, which holds the European Union rotating presidency, seeks to stimulate a debate on future greenhouse-gas reduction goals in March to prevent further declines in carbon prices after they dropped to a four-year low.
The price of EU emission permits is lower than the bloc expected when the system was started in 2005 and governments’ support for a policy paper sketching out the most cost-efficient way to long-term climate goals could help the market, Martin Lidegaard, Denmark’s climate minister, said in an interview in Brussels today. The policy paper presented last year by the European Commission, the EU’s regulatory arm, maps out potential future goals, or milestones, for 2030 and 2040.