10/24/2014

EU Agrees To Cut Greenhouse Gas Emissions Cuts


BRUSSELS, Oct 24 (Reuters) - European Union leaders struck a deal on a new target to cut carbon emissions out to 2030, calling it a new global standard but leaving critics warning that compromises had undermined the fight against climate change.

Talks in Brussels stretched into the small hours of Friday as Poland battled to spare its coal industry and other states tweaked the guideline text on global warming to protect varied economic interests, from nuclear plants and cross-border power lines to farmers whose livestock belch out polluting methane.

In the end, an overall target was agreed for the 28-nation bloc to cut its emissions of carbon in 2030 by at least 40 percent from levels in the benchmark year of 1990. An existing goal of a 20-percent cut by 2020 has already been nearly met.

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