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EU leaders talk finance and climate

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EU leaders talk finance and climate


Three weeks after European Union leaders chose their new full-time president and foreign affairs chief, they are meeting today to make decisions on financial services reform. But they are also focusing on action plans on climate change.

Some nations want a firm agreement on how much should be given to developing countries to fight global warming in the years before any Copenhagen deal comes into force.

Jason Anderson from the World Wildlife Fund, or WWF, said: “The Council has the opportunity to make some decisions that will influence the negotiations and I hope that they will take that rather than simply repeating their same positions. We need to move on things like targets, we need to move on the legal form, we need to move on finance, and they also need to cover some of these loopholes which allow them to reach their targets much too easily”.

The EU has already pledged to cut CO2 emissions by 20 percent by 2020. But campaigners want more from European leaders. At a “Save Copenhagen” event in Denmark, people are being encouraged to phone their leaders and demand what activists call a “real deal”.

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