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EU cautious about new Obama climate policy buzz

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Monday, 14 January 2013

EU cautious about new Obama climate policy buzz

The EU has reacted coolly to speculation about a potential new direction in US climate policy during President Barack Obama’s second term.
European policymakers are cautious about Obama’s intentions after limited progress at a United Nations climate summit in Doha in December, and the president’s dismissive reaction to an EU suspension of plans to include international airlines in its Emissions Trading System (ETS).
Climate change barely figured in the recent US election, but Obama raised some expectations of policy movement with a poll-night victory speech, signaling a desire to protect future generations from “the destructive power of a warming planet".
On 5 January, Washington’s chief climate change negotiator, Todd Stern, said that Obama was looking to build a broad-based political coalition capable of mobilising the environmental sentiment created by Hurricane Sandy’s traumatic path through New York last October. An early spring conference is reportedly planned to explore ways of using "limited public funds" to leverage hundreds of billions of private sector dollars for climate aid.

Source: Euractiv