Do More With Reuters
Partner Services

Financial crisis, EU rift, strain UN climate talks

Sun Nov 30, 2008 5:41pm IST
 
Email | Print | | Single Page
[-] Text [+]

By Alister Doyle, Environment Correspondent

POZNAN, Poland, Nov 30 (Reuters) - Worries about the costs of combating climate change and rifts between European Union states are likely to strain 185-nation talks in Poland from Monday on a new U.N. treaty to fight global warming.

The election of Barack Obama as U.S. president may, however, help the mood at the Dec. 1-12 meeting of 9,000 delegates in the industrial city of Poznan since he has promised more action to slow warming than President George W. Bush.

Yvo de Boer, head of the U.N. Climate Change Secretariat, urged negotiators to stick to a timetable meant to end with a new U.N. climate treaty in Copenhagen at the end of 2009 and not be distracted by the worst financial crisis in 80 years.

"We must now focus on the opportunities for green growth that can put the global economy onto a stable and sustainable path," he said in a statement. Poznan will review progress half-way through a two-year push for a new treaty.

But economic slowdown has exposed doubts in Europe about costs of an EU goal of cutting greenhouse gas emissions, mainly from fossil fuels, by 20 percent below 1990 levels by 2020.

Poland, which gets 93 percent of its electricity from coal, and Italy, worried about its industrial competitiveness, are leading a drive for concessions in a package meant to be agreed at a Dec. 11-12 summit of EU leaders in Brussels.

Connie Hedegaard, Denmark's climate minister who is set to host next year's talks on a new pact, expressed hopes for an EU deal. "We will obtain nothing by postponing the deadline," she said in Copenhagen.

EU nations have been among the most enthusiastic backers of the existing Kyoto Protocol. Developing countries such as China and India say the rich have to prove leadership before the poor start acting to slow emissions.  Continued...

special coverage

Budget 2009
Budget 2009

The government presents the budget for the full fiscal year 2009/10 on July 6.  Full Coverage 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

SHOWCASE

Photo
Is the budget over-rated for personal finance?

Expectations are high given the outcome in the general elections.  Commentary 

 
Nilekani: Infosys' loss or govt’s gain?
Nilekani: Infosys' loss or govt’s gain?

Nandan Nilekani has resigned from the Infosys board to join the government.  Commentary | Slideshow 

 
Launched

Tata Motors announced the launch of Jaguar and Land Rover vehicles in India.  Slideshow | Video 

 
Satyam
The new Satyam

Stay updated with the developments at Satyam.  Full Coverage 

 
M&A Review
M&A Review

A review of mergers and acquisitions.  Full Coverage 

 
Financial Turmoil Timeline
Financial Turmoil Timeline

A round-up of measures taken by the U.S Federal Reserve since June 2007 to tackle the financial crisis.  Full Coverage