Europe is proposing hitting industry with tougher caps on greenhouse-gas emissions, intensifying talk of a global environmental trade fight.
Proposals expected to be unveiled today would tighten caps first imposed three years ago. A big change is that European governments would start charging companies for pollution permits that so far they have handed out mostly free. Analysts say the proposals would significantly raise the cost of coal-fired electricity.
Representatives of some big industries say higher regulatory costs might spur them to shift production to countries that haven't imposed limits, particularly in the developing world.
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