Striking an ambitious deal at this December’s global climate talks is about more than saving the planet — it could also prevent Europe’s heavy industries from being left behind by competitors in regions less saddled with costly emissions restrictions, Maroš Sefčovič, who is in charge of implementing an EU energy union, told POLITICO.
Energy-intensive industries in the EU have long argued that if Brussels continues to ratchet up its targets for emissions reductions, renewables and energy efficiency, it will force them to shift investments to friendlier — and less environmentally concerned — destinations in North America, the Middle East and Asia.
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Source: European Voice
