The European Parliament has voted on and approved an amendment to the European Union’s Emission Trading System (EU-ETS), the key regulatory mechanism used by the EU to reduce greenhouse gas emissions. The amendment aims to reduce greenhouse gases below 1990 levels by at least 20 percent by 2020. While approved by Parliament, it still must be reviewed and receive final approval from the Council before it can be officially adopted.
The approved package calls for several CCS demonstration projects by 2015. It also calls for power stations of 300 MW to examine potential storage sites, determine if the transportation infrastructure is reliable, and determine whether it is technically and economically feasible to retrofit current stations with capture technology.
Reaction to the amendment has been mixed. For example, Greenpeace EU climate and energy policy director, Joris den Blanken said, "Europe promised leadership on climate, but so far it has led us up the garden path. The climate package doesn't even take us half way to where we should be in the fight against climate change."