EU Commission delays emissions trading proposals "It won't be
for December but for January," Commission spokesman Johannes
Laitenberger said on the sidelines of a summit in the Portuguese
capital of Lisbon. Laitenberger said the delay would allow the
EU to take into account the outcome of a U.N. meeting on climate
change due in Bali in December to shape a global deal for when
the Kyoto Protocol expires in 2012. The EU agreed in March to
cut emissions blamed for global warming by 20 percent by 2020
compared to 1990 levels and 30 percent if the rest of the world
joins in. The Commission said earlier this year it would issue a
plan in December that lays out how the targets should be
distributed. That legislation, often referred to as "burden
sharing," will then have to be endorsed by national governments.
The draft legislation will include changes to the bloc's
emissions trading scheme and national targets for another EU
goal of having 20 percent of its energy come from renewable
sources by 2020. Laitenberger sa