EU Needs Single Carbon Goal for 2030, EON’s Teyssen Says

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The European Union should set a single target to reduce greenhouse gases by at least 40 percent in 2030, according to Johannes Teyssen, chief executive officer of Germany’s largest utility, EON SE.

The EU doesn’t need legally binding goals to increase the share of renewables and boost energy efficiency in the next decade, said Teyssen, who is also the president of Eurelectric, the European power industry association. The 28-nation EU started a debate earlier this year about its future climate and energy policies after the current targets expire in 2020.