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Keyword: climatepackage

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  • Czech CEZ hopes crisis will stall EU climate package

    11/10/2008 7:42:47 PM PST · by NormsRevenge · 3 replies · 368+ views
    AFP on Yahoo ^ | 11/10/08 | Jan Flemr
    PRAGUE (AFP) – Central Europe's top power producer, Czech-based CEZ, is pinning hopes on the financial crisis to thwart the approval of the EU's green package, saying it would hit hard at the region's coal-dependent industry. The EU's climate-energy package seeks to raise the share of renewable sources in power production by 2020, boost energy savings and tighten the rules for trading in CO2 emission permits in a bid to cut greenhouse gas emissions. Martin Roman, CEZ chairman and chief executive, said in an interview with AFP that a "yes" vote on the package from EU members in the region...