The European Union, which has spearheaded efforts to curb global warming, is set to adopt a change of focus in response to concerns over costs and the impact on companies in economically depressed Europe.
Under the change, the European Union will prioritize the supply of energy at affordable prices over cutting greenhouse gas emissions which impose burdens on industries, in a turnaround of the region’s energy policy, an EU official said Saturday.
EU leaders will decide on the shift in energy policy at a meeting Wednesday. The change reflects requests from businesses in the 27-member zone amid the prolonged economic slump triggered by the eurozone sovereign debt crisis, the official said.
The change in policy comes as some European companies are moving to shift operations out of the region to avoid increasing costs to meet the...[Weiterlesen…]