Economic Crisis Threatens Climate Commitments

guardian.co.uk — Leaders of E.U. countries plan to use the global financial crisis as an excuse to renege on climate change commitments, according to sources close to energy negotiations in Brussels. Papers seen by the Guardian suggest the E.U. council propose dropping the previous commitment to an automatic increase in emissions cuts if the world gets a major climate change agreement next year. It also intends to allow countries to avoid having to cut their own emissions by letting them purchase a large proportion of reductions from overseas. News of the European political leaders' moves comes as senior business figures and government advisers are urging politicians not to use the current financial crisis to abandon crucial investment in clean energy and efficiency to tackle climate change, cut costs and improve security.

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