The European Union said that a new global climate pact should ensure that world emissions of greenhouse gases peak no later than 2020 and include quantified pollution targets for major developing countries, according to AP. The 27-nation bloc on Thursday outlined its key objectives for next week"s U.N. climate summit in Copenhagen. It said combined emissions cuts by rich countries should be «in the order of 30 percent below 1990 levels by 2020.» It also said developing countries should rein in their combined emissions by 15-30 percent compared to their currently predicted growth rate. The EU pledges to cut its emissions by 20 percent by 2020 _ or 30 percent if other nations follow suit. It said a new legally binding climate treaty should be completed by mid-2010 and take effect in 2013.
