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EU proposes 40 per cent emissions cut for 2013

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Announced at a press conference in Brussels today, the plans will undergo a consultation process before eventually replacing the existing 2020 goals.

The new framework will also explore ways to speed up the development of carbon capture and storage, establish a new renewable energy target and divide up responsibility for the policies between the 27 member states.

At present, the EU has targeted a 20% cut in emissions, a 20% energy share for renewables and a 20% improvement in energy efficiency by 2020. Fresh targets for an increased share of clean energy and further efficiency measures will be announced later.

“The climate and energy policies have to go hand in hand,” said Connie Hedegaard, European climate action commissioner.

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