EU's Verheugen says a 'decisive step' needed for common energy policy |
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Tue, 06 Mar 2007 15:48
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BRUSSELS (AFX) - The European Commission's vice president, Gunter Verheugen, said it is 'absolutely essential' that member states take a 'decisive step' towards a common energy policy to reduce CO2 emissions, according to Agence France-Presse.Verheugen was speaking at a press conference in Berlin ahead of a two-day summit with EU member state governments this week that will be dominated by talks on global warning, climate change and security of supply.He said the Commission was waiting for member states to send a 'clear and precise signal' about greenhouse gas reductions.'We do not have time to lose,' he added.EU leaders from the 27 member states are set to endorse substantial cuts in carbon dioxide emissions at the summit on Thursday and Friday, German sources told Agence France-Presse.Governments are expected to agree on cutting CO2 and other greenhouse gas emissions by 20 pct from 1990 levels by 2020, promising to rise to 30 pct if emerging economies, in particular China and India, join them, German EU presidency sources said.This is part of a wider aim of limiting global warming to no more than 2 degrees Celsius above the temperature in pre-industrial times.nina.chestney@thomson.comnc/jagCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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