Monday, November 03, 2008

EU facing revolt over climate change target enforcement The European Union is facing a revolt from poorer members over tough climate change targets at a time when the global economy is heading for recession. Italy has teamed up with seven east and central European countries - Poland, Hungary, Latvia, Lithuania, Romania, Bulgaria and Slovakia - to threaten a veto over Brussels legislation that implements an EU target to cut Europe's CO2 emissions 20 per cent by 2020. Silvio Berlusconi, the Italian Prime Minister, attacked the target as an unnecessary burden on European businesses at a time when recession was intensifying international economic competition. "I have announced my intention to exercise my veto," he said. As well as agreeing to cut CO2 emissions, the EU is trying to enforce a target requiring European countries to produce 20 per cent of their energy from renewable sources by 2020. Poland fears that its reliance on coal-fired power stations will see it unfairly squeezed and pushed to invest in expensive wind turbines, unlike France which is dependent on nuclear energy. The row has opened a deep rift over the costs of meeting environmental targets between rich Northern and Western member states and their poorer neighbours....

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