The EU is calling on President Barack Obama to cap US carbon emissions and sign up to a global system of carbon trading between rich nations.
The European Commission said the US needed to join a carbon market if it was going to raise the huge sums needed for combating climate change.
Rich nations had to raise 175bn euros (£162bn; $321bn) by 2020 for clean technologies, the commission added.
More than half of that cash would go to developing countries, it stated.
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