EU agrees to make lowest climate offer to U.N
BRUSSELS (Reuters) - The European Union has decided to stick to its lowest offer for cutting carbon emissions under a U.N climate accord, but will maintain a conditional pledge to do more if others follow suit, EU diplomats said on Wednesday.
Their comments after EU ambassadors met in Brussels confirmed the 27-nation bloc's commitment to unilateral target carbon dioxide emissions to 20 percent below 1990 levels over the next decade.
Some EU countries such as Poland, Italy, Cyprus and Malta had opposed making the more ambitious conditional offer because of concerns that it would be too costly for industry.
"Italy and Poland said at the meeting that they were concerned but they wouldn't stand in the way," an EU envoy said.
Before United Nations-sponsored climate talks in Copenhagen in December, the EU offered to deepen its cuts to 30 percent of 1990 levels if other rich countries made similar efforts.
Ambassadors agreed the EU should sign up to the accord with the 20 percent cuts in a letter to be sent to the U.N. on Thursday, but that the 30 percent conditional offer should still be made, even if the conditions behind it are far from being met.
The meeting in the Danish capital ended without agreement on binding cuts to climate-warming carbon dioxide emissions, leaving countries until January 31 to submit their own plans.
Experts say the total cuts offered there by rich countries amount to no more than 18 percent and fall far short of the 25-40 percent that U.N. scientists outline as necessary to avert dangerous climate change.
The world is on track for temperatures to rise to 3.5 degrees Celsius above pre-industrial levels by the end of this century, which would bring catastrophic melting of ice sheets and rising seas, some scientists say.
Britain, Denmark and the Netherlands were among the countries that defended the 30 percent offer.
"The UK remains committed to the conditional offer of 30 percent to stay on the table to ensure that we do not lose the momentum that has been generated over the last few months," said an official from Britain's Department of Energy and Climate Change.
(Editing by Sue Thomas)
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.