The EU has ratified its proposal to cut greenhouse gas emissions 20% by 2020, even if other countries (like the US and China) don't agree to similar cuts.
According to Bloomberg,
EU leaders rejected warnings from business groups that tougher climate regulations would push jobs and investment out of Europe, shackling an economy that has lagged behind the U.S. for most of the past decade.
Europe is opening ``the door into a whole new dimension of European cooperation in the area of energy and combating climate change,'' German Chancellor Angela Merkel told reporters today after chairing an EU summit in Brussels.
Europe's economy notched the fastest growth in six years in 2006, and the political leaders said the climate-change package will give the 27-nation bloc a ``first mover'' advantage in developing energy-saving technologies.
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