VTT: EU to attain emission target ahead of schedule in non-ETS sectors
The European Union is likely to achieve its 2020 emission reduction target ahead of schedule in non-ETS sectors. A foresight study by VTT Technical Research Centre of Finland indicates that this outcome, which is more positive than expected, will mean that not all emission quotas will need to be used. In turn, this will mean that quota values remain low. The VTT estimates that the EU’s cumulative surplus for 2013-2020 emission quotas in non-ETS sectors will total 160-2000 megatonnes of carbon dioxide. Annually, this would correspond to up to 5 per cent of all emissions within the EU.