"EU urges US climate commitment
By Roger Harrabin Environment analyst, BBC News
The EU is calling on President Barack Obama to cap US carbon emissions and sign up to a global system of carbon trading between rich nations.
The European Commission said the US needed to join a carbon market if it was going to raise the huge sums needed for combating climate change.
Rich nations had to raise 175bn euros (£162bn; $321bn) by 2020 for clean technologies, the commission added.
More than half of that cash would go to developing countries, it stated.
A further 23-54bn euros would be need to help poor nations to adapt to climate change that was likely to happen.
Without that inducement to poor countries there would be no new global climate agreement at the UN climate summit in Copenhagen in December. " *****
Story from BBC NEWS:http://news.bbc.co.uk/go/pr/fr/-/2/hi/science/nature/7856120.stmPublished: 2009/01/28 17:11:58 GMT
We need to help each other help the earth. But why carbon permits??? Even regulated carbon emissions are still making things worse. There's another way, an alternative that does not require carbon trading and which would benefit everyone in every country. For more information, please see www.campaignforgreen.com.