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STOCKHOLM The European Union has formally submitted its planned contribution to a U.N. climate pact, pledging to cut its greenhouse gas emissions by at least 40 percent by 2030.

The cuts are relative to 1990 levels. The EU's emissions since then are already down by almost 20 percent.

The EU is the second party to submit a climate target to the U.N., after Switzerland. Only a handful of other countries are expected to meet an end-of-March deadline to submit targets.

Others, including India and China are likely going to need more time. All countries are supposed to present targets for a new global climate agreement that governments plan to adopt in Paris in December.

Scientists say rising levels of greenhouse gas emissions are a key driver of global warming.

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European Union submits plan to reduce emissions by 40 percent to UN ahead of Paris pact

Ode To Joy (EESC Video Challenge 2015) - Svilena Georgieva and Vocal Group "Do Re Mi"
On the video we share with you the opportunities that the European Union has provided us for our development. "Europe in Harmony" My opinion is that all of the people in the EU should live...

By: Svilena Georgieva

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Ode To Joy (EESC Video Challenge 2015) - Svilena Georgieva and Vocal Group "Do Re Mi" - Video

The Gender Pay Gap : the situation today
In 1975, the European Union directive on Equal Pay was passed. 40 years later, Mark Smith, researcher and professor at Grenoble Ecole de Management, alongside researchers from Brighton ...

By: Grenoble Ecole de Management

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The Gender Pay Gap : the situation today - Video

BRUSSELS: Keen to expand economic ties with India, the European Union has sought a 'political push' by Prime Minister Narendra Modi to restart the stalled talks for the Free Trade Agreement (FTA) and expressed readiness to adopt flexibility to iron out differences on crucial issues.

Noting that finalising the long-pending pact was a major priority area for it, the 28-member powerful bloc said sticky issues relating to intellectual property rights (IPR), data security for IT services and tariff in the automobile sector can be resolved through talks.

Top European Union officials handling trade issues with India said they are reaching out to Commerce Minister Nirmala Sitharaman to resume the negotiations for the FTA at the earliest.

The last round of talks on the FTA was held in May, 2013. Head of India Division at the European External Action Service Maria Castillo Fernandez said the EU was ready to show flexibility on all major issues that have stalled the talks as the FTA will be a "win-win deal" for both the sides.

Policy Officer for India at European Commission's Directorate General of Trade Roberto Cecutti said: "We are ready to review all outstanding issues, including in the automobile sector. We are intensifying our efforts to restart the talks."

Expressing disappointment over delay in finalising the pact, Chairman of the European Parliament Delegation for relations with India Geoffrey Van Orden said Prime Minister Modi should make a political push for making fresh initiatives to put the FTA talks on fast track.

"I think Modi is a man who wants to get things done. I think it is the word from the top that works in India. I think the word needs to come from the top," Orden said when asked about the issue.

The EU has been India's largest trading partner and Orden said both sides should try to finalise a "realistic and meaningful" trade pact by the next year which will be a real step forward in significantly expanding economic engagement.

The two-way commerce stood at USD 101.5 billion in 2013-14. It was USD 57.25 billion during April-October this fiscal.

Orden said tariff on cars coming from India to Europe was less than 10 per cent while the tariff imposed by India on cars from Europe is around 130 per cent and sought a pragmatic resolution of the issue among other things.

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European Union seeks Narendra Modi's intervention to resume FTA talks

Brussels: Keen to expand economic ties with India, the European Union (EU) has sought a 'political push' by Prime Minister Narendra Modi to restart the stalled talks for the Free Trade Agreement (FTA) and expressed readiness to adopt flexibility to iron out differences on crucial issues.

Noting that finalising the long-pending pact was a major priority area for it, the 28-member powerful bloc said sticky issues relating to intellectual property rights (IPR), data security for IT services and tariff in the automobile sector can be resolved through talks.

Top European Union officials handling trade issues with India said they are reaching out to Commerce Minister Nirmala Sitharaman to resume the negotiations for the FTA at the earliest.

The last round of talks on the FTA was held in May, 2013.

Policy Officer for India at European Commission's Directorate General of Trade Roberto Cecutti said: "We are ready to review all outstanding issues, including in the automobile sector. We are intensifying our efforts to restart the talks."

Expressing disappointment over delay in finalising the pact, Chairman of the European Parliament Delegation for relations with India Geoffrey Van Orden said Prime Minister Modi should make a political push for making fresh initiatives to put the FTA talks on fast track.

"I think Modi is a man who wants to get things done. I think it is the word from the top that works in India. I think the word needs to come from the top," Mr Orden said when asked about the issue.

The EU has been India's largest trading partner and Mr Orden said both sides should try to finalise a "realistic and meaningful" trade pact by the next year which will be a real step forward in significantly expanding economic engagement.

The two-way commerce stood at $ 101.5 billion in 2013-14. It was $ 57.25 billion during April-October this Fiscal.

Mr Orden said tariff on cars coming from India to Europe was less than 10 per cent while the tariff imposed by India on cars from Europe is around 130 per cent and sought a pragmatic resolution of the issue among other things.

Originally posted here:
European Union Seeks PM Modi's Intervention to Resume Trade Talks