China Daily: The recent economic downturn could push the European Union to adopt more modest ambitions in its fight against climate change. Although the European Commission has said it wants to cut greenhouse gases by 20 percent by 2020, business leaders oppose the use of fines to oblige industry to reduce its emissions, especially in the current economic crisis. The cost to industry is estimated at some 44 billion euros per year between 2013 and 2020, with a tonne (1.1 US tons) of C02 …