(Europe) Barroso talks CO2 cuts impact on economy - AP

[Eugene]

Barroso talks CO2 cuts impact on economy

By Aoife White, AP Business Writer | March 5, 2007

BRUSSELS, Belgium --EU targets to cut carbon dioxide emissions will add costs to the
European economy in the short-term but these will be outweighed by the greater cost
of doing nothing, European Commission President Jose Manuel Barroso said Monday.

EU leaders will on Thursday and Friday vote for new targets to cut CO2 emissions by
20 percent by 2020, promising to go further if other world regions join them.

But Europe's major business lobby BusinessEurope said it was very worried about a
unilateral target, saying it could seriously damage competitiveness and make it more
difficult to seek a global deal.

Barroso, however, said other regions were coming round to the importance of tackling
climate change.

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Full article: http://www.boston.com/news/world/europe/articles/2007/03/05/barroso_talks_co2_cuts_impact_on_economy