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EU to 'rethink' its climate policy

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Tuesday, 11 December 2012

EU to 'rethink' its climate policy

The EU has been urged to "rethink" its energy and climate policy in the wake of disappointing UN climate change negotiations in Doha.
"We remain committed to the fight against climate change but in light of the lacklustre results from UN climate negotiations, the EU must rethink its own energy and climate policies", BusinessEurope director general Markus Beyrer said after the conference. He went on "Technology should be the driving force to deliver on energy cost-competitiveness, security of supply and climate action with the ambition of maintaining a strong industrial base in Europe."
Further reaction came from Stephanie Pfeifer, of the institutional investors group on climate change, which represents European investors with over €7.7 trillion in assets. She said, "The failure of climate negotiators in Doha to agree levels of finance to combat climate change and to delay a decision on this issue until 2013 is disappointing."
Meanwhile, NGOs in Brussels said developing countries had left Doha "with little more than they arrived with".
At the 2009 Copenhagen negotiations, developed countries committed to pay €77bn per year by 2020 to help developing countries adapt to climate change and lower their emissions. But the Doha agreement on Sunday failed to commit nations to scaling up their climate finance from next year.


Source: the Parliament