The chief executive officer of Royal Dutch Shell, Peter Voser says the European Union ought to adopt a single, stand-alone target for greenhouse gas emissions reduction for the period to 2030.

Peter Voser  Mr Voser said that confusion has arisen due to Europe having three separate, current targets for renewables, greenhouse gas emissions and energy efficiency.

 “Having one target would sharpen the focus on the main task: reducing Europe’s greenhouse gas emissions. “But Europe’s scheme must deliver a CO2 price that actually incentivises clean energy investment and innovation. That’s not happening at the moment,” he said.

The EU, which has set a target to cut greenhouse gases by 20 per cent, is currently working to extend its 2020 climate targets to 2030 on 1990 levels.

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