Carmen Bunzl - Universidad Pontificia Comillas

Chapter 4. Case Study: Spain 196
technically and economically feasible and reasonable in each country, and that
there is no unreasonable increase in overall costs.
Figure 4 - 15. Country specific targets for non EU ETS modulated on the basis of GDP/capita (Source:
EC 2008)
If there were no progress beyond the 20% independent commitment,
Member States could use CO2 credits from GHG reduction investments in third
countries up to a level of 3% of 2005 emissions – almost one third of the 10%
reduction being made. The limits are in place to ensure that the package
triggers investment in cleaner technologies and renewables.
If an international agreement on climate change were reached in which
developed countries agreed to take equivalent measures, the EU would increase
its emission reduction target to 30%. Targets, both for ETS and non-ETS sectors,
would be adapted in a manner that is proportional to their share of total
emissions in 2020. Half of the additional reduction effort required from each
Member State may come from CO2 credits acquired through GHG reduction
investments in developing countries, thereby giving a strong incentive for such
countries.
Escuela Técnica Superior de Ingeniería ICAI Carmen Bunzl Boulet Junio 2008