EU formally adopts climate change targets for December 2015 UNFCCC Paris Conference

The European Union (EU) has formally adopted climate change targets for December 2015 UNFCCC Paris Conference. Adopted climate change target includes a 40 per cent cut in emissions by 2030.
These targets were agreed by leaders of the 28 EU member-states at a summit in October 2014 but now have been officially forwarded to the United Nations.
EU announcement comes prior to the deadline of March 31, 2015 as it is binding on countries to announce their commitment to cutting greenhouse gas emissions.
EU countries when taken together form the world’s biggest economy and accounts for nine per cent of global emissions of greenhouse gases. EU has agreed to cut the greenhouse gas emissions by at least 40 per cent compared to 1990 levels.
United States also has formally announced its intention to reduce emissions by 26-28 per cent in 2025 compared with their level in 2005. It should be noted that US accounts for 12 per cent of global greenhouse gases emissions.
While, China has set a target date of 2030 for its global greenhouse gases emissions to reach peak.

Month: Current Affairs - March, 2015