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...

Russian Finance Minister Alexey Kudrin poses with his G20 colleagues and central bank leaders during the family photo at the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland. REUTERS/POOL New
Pledge to support economies

G20 financial leaders pledged to prepare strategies to end emergency support for their economies, but to keep the aid flowing until recovery was assured.  Full Article | Related Story 

special coverage

Photo
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.  Full Coverage 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

SHOWCASE

Sanjay Sinha
Balancing Act

In India, it is a tough choice between growth, managing inflation and financial stability.  Full Article 

 
Nipun Mehta
Road to Recovery

There needs to be an acceptable balance created between education and healthcare and infrastructure spend, says Nipun Mehta of SG Private Banking.   Full Article 

 
Robot Asimo

Snapshots of Honda Motor's humanoid robot Asimo  Slideshow 

 
Marketing Strategy
Marketing Strategy

Companies are now using direct marketing methods to sell their products.  Full Article 

 
Exit Plans
Exit Plans

Factbox - Stimulus exit plans for Asia-Pacific's big 5 economies  Full Article