The European Commission has outlined plans for climate and energy policy until 2030, with suggestion for a binding target to reduce carbon emissions by 40% from 1990 levels. By 2030, there will be a target for Renewables to provide 27% of EU energy. However, there will be no mandatory targets for member states.
The policy proposals from the EU are still to be reviewed by heads of government.
The Commission aims to provide clarity to investors in renewable energy while still influencing the rest of the world in global climate negotiations.
Climate commissioner Connie Hedegaard said that, given the economic slowdown, a 40% target was a significant step forward: "A 40% emissions reduction is the most cost-effective target for the EU and it takes account of our global responsibility. "If all other regions were equally ambitious about tackling climate change, the world would be in significantly better shape."