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EU industry warns of danger in 30 percent emissions cut

Fri, 05/07/2010 - 7:25am
Reuters

BRUSSELS (Reuters) - The economic crisis might well have made it cheaper for European industry to deepen cuts to climate-warming emissions, but it has also left companies too weak to face the challenge, industry groups said on Friday.

Environmentalists accused industry of lying about the cost, saying many sectors had reaped huge windfall profits from Europe's efforts to clamp down on carbon emissions through its carbon market, the EU Emissions Trading Scheme (ETS).

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