Can Member States use the Clean Development Mechanism to meet their national targets?
Under the proposals, if there is no progress beyond the 20% independent commitment, Member States can use CO2 credits from GHG reduction investments in third countries, up to a level of 3% of 2005 emissions: so almost one third of the 10% reduction being made. This amount is transferable between Member States. The limits are in place to ensure that the package triggers investment in cleaner technologies and renewables. Higher limits might mean that targets could be missed, with Europe straying from the path towards a low-carbon economy. They should also ensure that Europe has greater leverage in international negotiations. 10. What happens when an international agreement is reached? The EU will increase its target to 30% if developed countries agree to take equivalent measures under a satisfactory international agreement. To send a clear signal to the rest of the world on this commitment, the current proposals contain detailed provisions that will take effect when an international agre
