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Tougher Greenhouse Goals Could Cut EU’s Gas Imports in Half

Later this week, the European Council will decide on a target to further reduce the EU’s greenhouse gas (GHG) emissions by 2030.

At issue is whether the Council will decide to reduce emissions by “at least 40 percent” from 1990 levels—leaving the door open to increase ambition in negotiation with other countries—or cap reductions at just 40 percent, locking in a lower goal and possibly influencing other countries to do the same.

The Price Is Wrong: New Report Calls for Fossil Fuel Prices that Reflect Environmental Costs

A new report from the International Monetary Fund (IMF), Getting Energy Prices Right: From Principle to Practice, argues that the costs of coal, natural gas, gasoline, and diesel fail to account for these fuels’ environmental and social impacts—such as greenhouse gas emissions, air pollution, and traffic deaths.

Setting prices that reflect these side effects—through taxes, licensing, or cap-and-trade systems—could reduce deaths from fossil fuel-related air pollution by 63 percent, decrease global carbon dioxide emissions by 23 percent, and generate revenues totaling about 2.6 percent of global GDP.

Watching for Signs of Climate Action in the State of the Union Address

When President Obama addresses the nation later today, climate change is expected to be featured. The president recently said that one of his personal passions is “leaving a planet that is as spectacular as the one we inherited from our parents and our grandparents.” The next two years will determine if his administration can meet this standard.

5 Ways Wisconsin Can Reduce Power Plant Emissions

Wisconsin has already taken strides to reduce its near-term power sector CO2 emissions by implementing cost-effective clean energy policies. And the state has the opportunity to go even further. In fact, new WRI analysis finds that Wisconsin can reduce its CO2 emissions 43 percent below 2011 levels by 2020 by extending its existing clean energy policies and taking advantage of existing infrastructure. Achieving these reductions will allow Wisconsin to meet even ambitious EPA power plant emissions standards, which are due to be finalized in 2015.

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