Fwd: European Nations Must Be Careful on Carbon Goals, Hungary Says

Sent From Bloomberg Mobile MSG


European Nations Must Be Careful on Carbon Goals, Hungary Says
2011-01-06 20:17:29.8 GMT

By Ewa Krukowska
Jan. 6 (Bloomberg) -- European Union member states must be
"very careful" when deciding whether to adopt stricter
emissions-reduction targets, Hungary's National Development
Minister Tamas Fellegi said.
The EU's 27 nations need to "very thoroughly" discuss
whether the bloc's current goal of cutting greenhouse gases by
20 percent by 2020 compared with 1990 levels should be deepened,
Fellegi said. His country holds the EU's rotating presidency for
the first half of this year.
"We have to seriously consider financial and development
conditions and consequences of such decisions," Fellegi told
reporters during a press conference in Budapest. "My policy
would be to make sure that every target that we set can be met
by a country."
The EU, which is on track to meet its internal emissions-
reduction target, has said it's ready to move to a stricter goal
of a 30 percent cut should other nations, including the U.S. and
China, follow suit.
Member states remain at odds on whether the bloc should
increase its ambitions, and they have asked the European
Commission, the EU's regulatory branch, to prepare a detailed
analysis on costs of increasing targets at national levels.
Hungary plans to dedicate an informal meeting of climate
ministers in March to the EU "2050 carbon road map," he added.
The bloc aims to reduce greenhouse gases by 80 percent to 95
percent in 2050.

For Related News and Information:
Emission market news: NI ENVMARKET <GO>
Today's top energy stories: ETOP <GO>
European power-markets home page: EPWR <GO>

--Editors: Kevin Costelloe, Christine Spolar

To contact the reporter on this story:
Ewa Krukowska in Budapest at +32-474-620-243 or

To contact the editor responsible for this story:
Stephen Voss at +44-20-7073-3520 or