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EU mulls fines on imports from countries not curbing carbon dioxide


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The European Union is considering to impose fines on imports from countries who will not enter binding agreements to reduce their carbon dioxide emissions by 2011. To protect manufacturers of energy-intensive goods such as steel and aluminum from competitors from the US, China and India, the European Union is mulling to force importers to buy emission rights. The Commission will present a legislative initiative against climate change on Jan 23 2008.


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