Germany's pledge to reduce CO2 emissions by 2020 'will not be achieved': Merkel German Chancellor Angela Merkel announces that the country's previous targets to reduce CO2 emmissions by 40 percent by 2020 will 'unfortunately not be achieved' after intensive talks on the country's measures in combating global warming. Merkel went on to confirm the country would do everything in its power to make its new target of 55 percent less CO2 emmissions by 2030. Germany also pledged at least 100 billion euros on climate action according to a summary document from the meeting seen by AFP. SOUNDBITE