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[Cyprus Times] MEPs vote for 55% emissions reduction target, Cyprus far behind says Papadakis

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The extension of the market stability reserve for the Emissions Trading Scheme until 2030 was voted through by the European Parliament (EP) in its session on Monday afternoon, thus extending incentives for industries to reduce greenhouse gas emissions to achieve a 55% reduction by 2030.

The EP proceeded to vote on the Commission's "Fit for 55 in 2030" plan at a crucial juncture, as the conclusion of the UN climate change report, which calls for urgent action to tackle global warming by 1.5°C, was presented in plenary on the same day. The report stresses that over time, adaptation to climate change will become more costly and inefficient, if not impossible, in some cases. The "Fit for 55 in 2030" plan is about adapting energy, land use, transport and taxation policies to reduce gas emissions to 55% below 1990 levels.

The pandemic period was one of the factors that appears to have delayed EU countries from reaching their emission reduction targets, as their focus shifted to addressing problems caused by disruption to the supply chain.

Cyprus[/B] is among the EU countries that have made the least progress towards reducing harmful gas emissions, Cypriot MEP Dimitris Papadakis told CNA. "In a country with plenty of sunshine for most of the year, Renewable Energy Sources (RES) have not been exploited as they should be," he added, stressing that this is exactly why Cyprus is required to pay a fine every year, while "we could even export energy by exploiting RES."

Papadakis also said that in its effort to speed up the procedures for limiting emissions by 2030, the state will have to take action "at the last minute", which will also increase the cost for the citizen, he said. Finally, referring to the energy crisis caused by the EU's sanctions against Russia, the MEP said that we would have already benefited directly if we had gone ahead with the use of renewable energy sources.


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Source[/URL]Cyprus Times[/B][/SIZE][/BR\]Source[/URL]
 
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