43. In order to turn the Union into a resource-efficient, green and competitive low-carbon economy, the 7th EAP shall ensure that by 2020: (a) the Union has met its 2020 climate and energy targets and is working towards reducing by 2050 GHG emissions by 80-95% compared to 1990 levels, as part of a global effort to limit the average temperature increase below 2 C compared to pre-industrial levels, with the agreement of a climate and energy framework for 2030 as a key step in this process (b) the overall environmental impact of all major sectors of the Union economy is significantly reduced, resource efficiency has increased, and benchmarking and measurement methodologies are in place. Market and policy incentives that foster business investments in resource efficiency are in place, while green growth is stimulated through measures to foster innovation