Czech CEZ hopes crisis will stall EU climate package
Tuesday, November 11th, 2008PRAGUE (AFP) — Central Europe’s top power producer, Czech-based CEZ, is pinning hopes on the financial crisis to thwart the approval of the EU’s green package, saying it would hit hard at the region’s coal-dependent industry.
The EU’s climate-energy package seeks to raise the share of renewable sources in power production by 2020, boost energy savings and tighten the rules for trading in CO2 emission permits in a bid to cut greenhouse gas emissions. (more…)

