Honor MahonyThe European Union has found a new raison d’être: it’s called the fight against climate change.

In March, it set itself ambitious targets on carbon-emissions cuts that make it the global leader on this increasingly high-profile issue. At a summit meeting in March, the EU’s 27 member-states made a binding collective commitment to cut greenhouse gas emissions by 20 percent by 2020 (compared to 1990 levels) and to ensure that renewable energy accounts for 20 percent of energy consumption (with bio-fuels providing 10 percent of transport consumption).


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