The European Union can slash natural gas imports from countries such as Russia by half and cut carbon dioxide emissions by 49% if it ramps up energy and efficiency improvements, a new report has argued.
Cost-effective measures in energy supply, industry and buildings would be good for the climate and boost energy security, the study by independent consultants Ecofys said.
The 49% cut to carbon, compared to 1990 levels, goes “far beyond” projections in the EU’s 2030 Climate and Energy Framework, the report said.
The aid index released annually by the OECD Development Assistance Committee (DAC) has become a reference for trends of official development finance, and ways to make it work to its fullest.
Around 40% of the European Commission's Overseas Development Aid (ODA) goes to Africa every year. The continent has received more than a quarter of the €2.7 billion increase in the aid budget since 2005 and, in 2009, aid for trade to the African, Caribbean and Pacific States increased to €3.6 billion. But where does the money end up?
Germany and France are secretly discussing a deal to enable the European Commission to approve Paris's draft 2015 budget even though it breaks past deficit-cutting commitments, German weekly Der Spiegel said yesterday (19 October).
The two governments are working on a written agreement under which France will provide the Commission with a detailed roadmap for deficit reduction and structural reform, the weekly reported, without naming its source.