Europe sets out plans for Copenhagen climate conference

As expected, the Commission commits to a 30% cut in greenhouse gas emissions by 2020 relative to 1990, and much greater funding for research and development provided other developed countries engage.

It also calls for linking of the EU Emissions Trading Scheme with other cap and trade schemes to enhance stability and efficiency of the global carbon market. Environment commissioner Stavros Dimas said these would help raise the €175 billi