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EU agrees climate plan deadline EU agrees climate plan deadline
(about 1 hour later)
EU leaders have agreed to finish talks on an ambitious plan to fight climate change by the end of 2008.EU leaders have agreed to finish talks on an ambitious plan to fight climate change by the end of 2008.
After a two-day summit in Brussels, the 27 heads of states said they hoped the legislation would be enacted the following spring.After a two-day summit in Brussels, the 27 heads of states said they hoped the legislation would be enacted the following spring.
The bloc aims to implement a 20% cut in greenhouse gases by 2020, compared with 1990 levels.The bloc aims to implement a 20% cut in greenhouse gases by 2020, compared with 1990 levels.
The summit also discussed financial instability, as well as liberalisation of the bloc's energy markets.The summit also discussed financial instability, as well as liberalisation of the bloc's energy markets.
"We committed ourselves to finishing negotiating on this package by the end of this year and by doing this we made a huge step forward," Slovenian Prime Minister Janez Jansa, whose country holds the EU presidency, told reporters after the summit."We committed ourselves to finishing negotiating on this package by the end of this year and by doing this we made a huge step forward," Slovenian Prime Minister Janez Jansa, whose country holds the EU presidency, told reporters after the summit.
"We are convinced that the costs of these measures will be much lower than if we don't act," Mr Jansa added."We are convinced that the costs of these measures will be much lower than if we don't act," Mr Jansa added.
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European Commission President Jose Manuel Barroso said that the EU "passed a reality test".European Commission President Jose Manuel Barroso said that the EU "passed a reality test".
But the EU leaders also said they needed to look at the consequences to energy-intensive industries and that could complicate negotiations.But the EU leaders also said they needed to look at the consequences to energy-intensive industries and that could complicate negotiations.
Some EU countries, like Germany and France, are worried about the international competitiveness of their businesses and the potential cost in jobs, the BBC's Nick Childs in Brussels says.Some EU countries, like Germany and France, are worried about the international competitiveness of their businesses and the potential cost in jobs, the BBC's Nick Childs in Brussels says.