Europe, Facing Economic Pain, May Ease Climate Rules

For years, Europe has tried to set the global standard for climate-change regulation, creating tough rules on emissions, mandating more use of renewable energy sources and arguably sacrificing some economic growth in the name of saving the planet.

But now even Europe seems to be hitting its environmentalist limits.

High energy costs, declining industrial competitiveness and a recognition that the economy is unlikely to rebound strongly any time soon are leading policy makers to begin easing up in their drive for more aggressive climate regulation.

Read full text at The New York Times