EU summit draft backs binding renewables target

German Chancellor Angela Merkel claimed a breakthrough in the fight against climate change on Friday after proposing a European Union summit compromise to set a binding target for renewable fuels.
A draft statement would set a legally-binding target of 20% of renewable sources in EU energy consumption by 2020, but allow flexibility on how member states contribute to the goal.
Renewables sources are a key part of an EU strategy to combine a long-term energy policy with efforts to fight global warming.

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