EU Will Show Stricter CO2 Goal Is Cost-Effective, Hedegaard Says
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A European Union report next month will show that moving to a stricter emissions-reduction target will be cost-effective for the 27-nation bloc, Climate Commissioner Connie Hedegaard said.
The European Commission, the EU regulatory, is due to present a scenario in March for reaching its internal long-term targets for cutting greenhouse gases that cause scientists say cause global warming. The bloc, aiming to be a leader in the worldwide fight against climate change, is poised to meet its 2020 goal of cutting emissions by 20 percent from 1990 levels and aims to reduce them by as much as 95 percent in 2050.