October 22, 2008
EU’s Climate Change Role May Be Weakened By Credit Crisis
Just recently, European Union countries agreed to maintain their targets and schedule to tackle climate change. But once again, Europe’s leadership in tackling climate change may be weakened by the credit crisis as Italy, Poland, Latvia and others at the EU meeting last week threatened to veto Europe’s carbon plan unless they were softened, New York Times reports.
At a recent meeting in Luxembourg, Stefania Prestigiacomo, the Italian environment minister said her country had “many requests for changes,” and would support the EU’s plan only if the issue could be reviewed again next year.
“There is now a greater possibility that the E.U. misses a deadline it set for itself,” Yvo de Boer, the executive secretary of the United Nations Framework Convention on Climate Change, told the New York Times. “That would call into question Europe’s willingness to back up an offer that was applauded by the whole world with specific policies.”
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