Tuesday, December 8, 2009

EU quiet on 30 percent vow

The European Union has decided to stay quiet at the moment, on a key issue till the very last moment of the UN conference on climate change(as per Swedish Minister for Environment, Andreas Carlgren). As Sweden holds the rotating EU presidency, Mr. Carlgren is negotiating on behalf of the union.

The EU has already adopted a commitment to reduce its greenhouse gas emissions by 20 percent by 2020 compared to 1990 levels. However, the decision also specifies that the union will raise its commitments to 30 percent if other major players undertake “comparable commitments” – without specifying what would qualify as being “comparable”. Sources say this step is to keep up the pressure on major players...US & China

“The EU is ready to raise its commitments from 20 to 30 percent, depending on others countries' plans, especially US and China.

Padmanabh Iyer - MBA (E & E)

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