Do More With Reuters
Partner Services

US, China climate pledges fall short-German adviser

Fri Nov 27, 2009 9:37pm IST
 
Email | Print | | Single Page
[-] Text [+]

* German climate adviser says U.S., China pledges lacking

* Fears of 'green-washing' at Copenhagen climate summit

By Erik Kirschbaum

BERLIN, Nov 27 (Reuters) - A U.S. pledge to cut its greenhouse gas emissions by 17 percent below 2005 levels by 2020 is "ridiculously" inadequate considering the perils of climate change, a German government climate adviser said on Friday.

Hans Joachim Schellnhuber, head of the Potsdam Institute for Climate Impact Research, said as encouraging as it might seem that the United States and China made vows this week to curb carbon dioxide emissions, both offers are far from adequate.

"The worst possible result at Copenhagen would be a global 'green-washing', getting something that looks good on paper but in reality only represents stagnation," he told a group of foreign journalists in Berlin on Friday.

"There's too much at stake," added Schellnhuber, who is also an adviser to the European Union and will be part of Germany's delegation at the U.N. climate summit in Copenhagen next month.

Schellnhuber, who said he believes Germany could do more than its pledge to cut emissions by 40 percent by 2020, said he was most worried about falling support in the United States for robust steps to slow climate change.   Continued...

Construction workers work at a site as the sun sets in Chandigarh in this December 2006 file photo. REUTERS/Ajay Verma
Economy seen growing at 7.2 pct in FY10 - govt

The forecast reinforces the possibility that the government may start to unwind its fiscal stimulus in the budget.  Full Article 

A Greek flag at the Bank of Greece is seen near a statue of ancient philosopher Socrates in Athens February 5, 2010.  REUTERS/Yiorgos Karahalis/Files
Greek crisis sets euro zone enlargement back

The Greek debt crisis has dealt a setback to prospects of enlarging the euro zone by highlighting the difficulties of managing the single currency area.  Full Article 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives
Greece's Finance Minister Papaconstantinou addresses reporters during a news conference in Athens, January 20, 2010.
Eurozone agreed in principle to aid Greece

Euro zone countries have decided in principle to help debt-stricken Greece, a senior German ruling coalition source said.  Full Article 

FROM THE MARKETS

After the Bell
After the Bell

Reuters Money's Kshitij Anand updates you on the movers and shakers of the Indian stock market.  Blog 

SHOWCASE

"Claw Back" Pay
"Claw Back" Pay

Banks and regulators hope that threats to "claw back" pay if trades later blow up will rein in risk taking on Wall Street.  Full Article 

 
James Saft
Blaming Asperger's

COLUMN - Did Asperger's help cause the financial crisis?  Full Article 

 
Going Global
Going Global

With Volvo, Chinese eye M&A abroad to win at home.  Full Article 

 
Delivery Woes
Delivery Woes

Boeing 787 delivery schedule could slip - experts.  Full Article 

 
Central Banks Cautious
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