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Eu Effort Sharing Agreement

Looking at the individual Member States, the majority are on track to meet their 2020 targets, but each year a group of around 10 countries do not meet their annual burden-sharing targets. In 2017, Austria, Bulgaria, Cyprus, Estonia, Finland, Germany, Ireland, Lithuania, Malta and Poland emitted more greenhouse gases than allocated to them. Projections for 2020 show that eight member states, including Germany, will not meet their targets with current climate change measures, the European Environment Agency said in its 2018 report on Europe`s climate and energy targets. While the ETS is a cap-and-trade mechanism (for a detailed explanation of the EU ETS, see here) that has created a marketplace for CO2 allowances, burden-sharing is different.