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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Africa Europe Latin America Middle East North America Search Search: Highlights of EU deal to fight climate change By The Associated Press AP - Saturday, December 13 Highlights of a deal European Union leaders sealed Friday on an ambitious plan to curb the greenhouse gases that cause global warming: _ GOAL: to cut EU emissions by at least 20 percent and raise use of renewable energy to 20 percent by 2020. The emissions cut will reach 30 percent if a global climate change accord is reached. _ HOW: The EU's "cap-and-trade" program _ in which industries buy or sell emission "credits" _ will be expanded to cover several greenhouse gases, not just carbon dioxide. It will be expanded to all major industrial emitters, not just the power sector and steel plants. More eco-friendly cars, fewer power-draining buildings, greener goods and better energy links will also help cut emissions. _ WHO PAYS: There will be mandatory emission targets for each EU nation, ranging from minus 20 percent to plus 20 percent so that rich EU nations contribute disproportionately to combat climate change. Poor eastern European nations may increase emissions to allow their economies catch up with the richer West. _ WHO WINS: Poland gets special treatment to help wean it off the polluting coal-burning power stations that provide nearly all its electricity. Unlike the rest of Europe, power plants won't have to pay to pollute until 2020. Eastern European nations will also get billions of euros (dollars) to help them make the switch to cleaner energy. _ CUSHIONING THE BLOW: Heavy power users such as steel or cement makers could get more free permits if they can prove that climate costs are crippling them and they risk relocating outside Europe to survive. _ PRICE TAG: Major polluters will eventually pay some euro50 billion (US$66.1 billion) a year in emissions trading charges. Governments are to use this money to encourage clean energy development. The cost of the pollution permits will hike electricity prices by up to 15 percent. Household bills would rise more slowly, by an average of euro150 (US$198) a year by 2020. _ RENEWABLES: Wind, solar and energy crops must account for 20 percent of EU energy use by 2020, up from 8.5 percent today, saving 900 million metric tons (992 million tons) of carbon dioxide emissions. Renewables in the EU now have an annual turnover of only euro30 billion (US$39.6 billion) a year. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Climate Change UN talks set programme to landmark climate pact in '09AFP - 1 hour 50 minutes ago EU hails climate deal as example for the worldAP - 2 hours 59 minutes ago Poor nations to get funds to fight climate changeAP - Saturday, December 13 Highlights of EU deal to fight climate changeAP - Saturday, December 13 Related Articles: World New York Times reporter Robin Toner dies at 54AP - 27 minutes ago Failed auto talks raise freshman senator's statusAP - 32 minutes ago US gives visa to mother of Ecuadorean beaten in NYAP - 33 minutes ago State plans to review 5 years of Detroit gun casesAP - 39 minutes ago Birth certificates to reflect NY gay-marriage moveAP - 46 minutes ago Related Full Coverage climate change climate change All Full Coverage Most Popular – World Viewed White House mulls urgent new steps on autos US Senate fails to reach deal on auto bailout Autism, other disorders linked to post-natal factors: study Muslim pilgrims stone Satan at the hajj Sarcasm finds medical use in dementia detection View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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