Agence France-Presse: European Union plans to cut greenhouse gas emissions could cost at least 60 billion euros (86.6 billion dollars) a year, European Commission President Jose Manuel Barroso said Monday. "Taking action is not cost free, although we think we can limit the cost of our proposals to around 0.5 percent of gross domestic product," he said, according to remarks prepared for delivery in London. Barroso’s total estimate, which will apply for the next 12 years, counts on the 27 EU …