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"You will not find another continent that has given itself such binding rules," said French president Sarkozy (Photo: The Council of the European Union)

Climate deal slammed as a 'mirage'

European industry and the power generation sector in eastern Europe are the big winners coming out of deliberations between EU premiers and presidents on the bloc's climate package.

EU leaders were keen to trumpet that despite hard-hitting negotiations they had committed themselves on Friday (12 December) to maintaining their original target of a reduction of 20 percent of carbon emissions and an improvement in energy efficiency of 20 percent - both by 2020.

Calling the deal "hist...

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"You will not find another continent that has given itself such binding rules," said French president Sarkozy (Photo: The Council of the European Union)

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