The European Union has drafted a deal to curb greenhouse gas emissions by at least 55% by 2030, against 1990 levels, a target it hopes its 27 members will endorse at a summit next month, the document showed.
Taxation will not escape the European Union's plans to curb planet-warming emissions, and levies should be revamped to reflect climate and environmental costs, the head of EU climate policy says.
The world's biggest carbon trading market faces a major overhaul under European Union climate change plans to cut greenhouse gas emissions faster this decade.
