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Crunch may dilute carbon deal

By Tom Clarke, Jon Snow

Updated on 15 October 2008

Today's EU meeting was supposed to focus on climate change, but the financial crisis ended up taking centre stage.

With some countries arguing that targets for reducing greenhouse gas emissions are imposing extra burdens on electricity generators and carmakers, the Commission president and Gordon Brown insisted that Europe's goals must remain intact.

But the Environment Commissioner said he was willing to consider concessions in the emissons trade between the EU and developing countries.

Jon Snow talks to Ed Miliband

Jon Snow asks Ed Miliband, the new secretary of state for energy and climate change, if he is countenancing the possibility of compromise in allowing UK companies to dump their carbon trading on the third world, rather than clean up their devices in this country.

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