The European Commission has set “far-reaching”, legally binding climate and energy targets and has also formally adopted of new measures relating to the reduction of carbon dioxide emissions from new cars and transport fuels. The EU says that it’s commitment is to cutting greenhouse gasses to 20 per cent below 1990 levels and increase the share of renewable energy by 20 per cent by 2020. and will also aim to improve energy efficiency by 20 per cent in the same timeframe. Commission President Jose Manuel Barroso said the agreement was one of the top priorities of the body saying “The energy and climate change package represents the litmus test of Europe’s ability to act for the benefit of its citizens”. As part of the deal, Ireland and the UK have been legally-bound to reduce their emissions not covered by the European Emissions Trading Scheme by 13 and 16 per cent respectively, compared to 2005 levels. They must also achieve a minimum renewable energy share of 17 and 15 per cent. The new comes on the same day that a new four seater electric car was announced for the UK. The Citroen C1 Ev’ie can be charged within 6-7 hours for a cost of 90p. The ‘ideal city car’ will retail for £16,850 but this writer isn’t sure if either the much vaunted £2000 scrappage payment will apply (presumably it will) or the previously planned £5000 green incentive payment would apply.