The Pressure Builds in Copenhagen

The EU is struggling currently to reach € 3 billion in aid for developing countries for the fight against climate change, urging developing countries to do more for themselves whilst at the same time cutting the amount of Certified Emission Reductions (CERs) that can be imported into the EU Emissions Trading Scheme (EU ETS) by somewhere in the region of 30-80 percent.

This will mean that post-2012 access to this crucial market for developing countries will be reduced, which would seem to run contrary to the declared aim of helping them.

The EU is considering a 30 percent cut in emissions from 2012 ,which in theory signifies success at Copenhagen.

Read the complete article here:

http://www.greenbiz.com/blog/2009/12/14/pressure-builds-copenhagen

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2. Analysis: Copenhagen climate deal: Spectacular failure – or a few important steps?
3. Consensus grows to extend summit treaty timeframe
4. Copenhagen climate accord faces $30 billion aid test
5. Again…Climate change funding talks stall at G20

Tagged as: Climate Change, copenhagen, global warming, green, The Pressure