EU likely to water down global warming laws

Barcelona News.Net Sunday 21st September, 2008

The European Union fight against global warming could become watered down due to the economic crisis.


Although the European Commission has said it wants to cut greenhouse gases by 20 percent by 2020, business leaders have criticized levies, or fines, as being too oppressive in the current economic climate.

Business leaders have denounced the policy and have begun threatening to take their investments to other countries which don’t have punitive measures.

With the prospect of further job losses, a number of European politicians are speaking about diluting the emission laws.

The EU's Environment Commissioner Stavros Dimas has nevertheless publicly called on politicians and businesses not to oppose the climate change measures.

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