Regulatory and economic instruments in order to reduce emissions of greenhouse gases by 2050: financial impacts on industry?

Document drafted in 2011.

Industrial groups will be exposed to increasingly stringent regulation measures against GHG emissions. Uncertainties over the form and extent of international cooperation on climate change should not begin to weaken the European voluntarism otherwise than concerning the targets level of ambition. Therefore, the degree of restraint will remain strong. Halving global emissions between 1990 and 2050 will involve a reduction by a factor of 4 of those in developed countries. However, given the difficulty of achieving such a goal in the diffuse sectors (households, agriculture, transport...), the European industry will most likely reduce its GHG emissions by a factor of 5 to 6.