7. Endorses the Flagship Initiative on a Resource Efficient Europe and the Roadmap to a Resource Efficient Europe and its 2050 vision, including its milestones; calls on the Commission to put forward swiftly all legislative and other initiatives that are necessary to achieve the milestones and to ensure that all EU policies are coherently aligned to them and to the overall EU vision for creating a low-carbon economy by 2050, by, inter alia, cutting greenhouse gas emissions by 80-95 % compared to 1990 levels; recalls that decoupling economic growth from resource consumption is essential for improving Europe's competitiveness and reducin ...[+++]g its resource dependency; recommends that the Commission should ensure that a stable legislative framework is maintained so as not to jeopardise long-term investment;

7. Endorses the Flagship Initiative on a Resource Efficient Europe and the Roadmap to a Resource Efficient Europe and its 2050 vision, including its milestones; calls on the Commission to put forward swiftly all legislative and other initiatives that are necessary to achieve the milestones and to ensure that all EU policies are coherently aligned to them and to the overall EU vision for creating a low-carbon economy by 2050, by, inter alia, cutting greenhouse gas emissions by 80-95% compared to 1990 levels; recalls that decoupling economic growth from resource consumption is essential for improving Europe’s competitiveness and reducing ...[+++] its resource dependency; recommends that the Commission should ensure that a stable legislative framework is maintained so as not to jeopardise long-term investment;

The Fuel Quality Directive (Directive 2009/30/EC amending Directive 98/70/EC), which aims to fulfil a 6% emission reductions target for transport fuels by 2020, sets a deadline of 1 January 2011 for implementing provisions to set the baseline value for greenhouse gas emissions from transport fuels, and for the methodology on the Member States’ annual reporting procedures under Article 7a. Will the Commission explain why this deadline has not been met and why Parliament was not sent the proposed implementing provisions for scrutiny three months in advance of this deadline?

Key actions: The EU will seek commitments to cut greenhouse gas emissions further, beyond the end of existing commitments in 2012, by developing proposals and working towards broader international agreements that cover all greenhouse gases and sectors, encourage innovation and include measures for adaptation.

As has been pointed out, the treaty expires on 23 July of next year.

A timely correction of the strategy followed so far by the IGC could help to avoid the negative impact on markets of an unprepared postponement of the timing or the dropping of constraints contained in the convergence criteria, that could possibly undermine EU's competitiveness.