Politics
EU Leaders Fail to Bridge Gap on Sharing Cost of Green Goals
- EU nations call for draft rules to meet stricter climate goal
- Eastern European nations seek to avoid a surge in costs
European Union leaders will also debate an idea to extend carbon trading to heating and transport.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
European Union leaders called on the bloc’s regulator to propose rules on how to meet a stricter climate target for the next decade, leaving open the divisive issue of how to apportion the burden of emissions cuts.
The bloc’s heads of government discussed how to calculate national emissions-reduction targets outside the EU carbon market at the second day of a summit that began on Monday in Brussels. With emissions prices surging to records, they also debated an idea considered by the European Commission to extend carbon trading to heating and transport, an initiative under fire from some lawmakers, industry and consumer organizations.