Mr Barroso, however, subsequently signalled his strong support for the EU’s emissions trading scheme, which imposes strict limits on the amount of carbon dioxide that energy-intensive businesses may emit. He said: “Europe is determined to lead by example. We should be proud of what we are doing as Europeans. We led the negotiations to create the Kyoto treaty. We are at the cutting edge of new environmental technology. And we have set up the world’s largest scheme for trading in emissions of carbon dioxide, the emissions trading scheme. By doing this, climate change has suddenly been brought into the boardroom of every major company across Europe.”

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