The EU's big carbon ally

The European Commission's attempts to cut carbon could surprisingly be assisted by big business, as firms look for surety in a turbulent environment.

Big business will prove an unexpected ally of the European Commission in pushing for firm policy to cut carbon after existing 2020 targets expire, as companies draw up their own plans for a future of greener power.

Many business leaders, independent of official European Union policy, take the view that locking into fossil fuels creates the danger of stranded assets when a low-carbon grid looks more and more likely.

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