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France: Sarkozy attacks EU carbon targets

Source:  Copyright 2008, Financial Times
Date:  January 15, 2008
Byline:  Peggy Hollinger, Andrew Bounds and Sarah,Laitner
Original URL: Status ONLINE

Nicolas Sarkozy, the French president, has weighed into the controversy over the European Union's climate change plans with an attack on some proposals as "neither efficient, fair nor economically sustainable".

Just six months before France takes up the EU presidency, Mr Sarkozy has written to Commission president José Manuel Barroso to set out his objections to the plan for reducing carbon emissions to be published later this month.

In the letter seen by the Financial Times, Mr Sarkozy stresses his support for a system to cut carbon emissions and promote the development of renewable energy.

However, he warns that, as currently structured, the proposals could unfairly penalise France and would pose a real threat to European industry, which would be forced to move to countries where regulations were less restrictive and costly.

The car industry alone faces potential fines of between €4bn ($5.9bn, £3bn) ...

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