EU Says Cancun Climate Agreement Marks an Important Step To a Binding Deal
The European Union said the agreement reached at a global climate summit today was an important step on a “long and challenging” road towards a binding treaty to tackle global warming.
Envoys at the United Nations meeting in Cancun, Mexico, agreed after two weeks of negotiations to a climate-protection package including a fund that would manage a “significant share” of the $100 billion pledged last year in aid for poorer nations and a plan to reduce deforestation.
“We have strengthened the international climate regime with new institutions and new funds,” Climate Commissioner Connie Hedegaard said in an e-mailed statement today. “All parties should now take domestic action to reduce or limit their emissions so that we can keep global warming below 2 degrees Celcius.”
The next UN summit aimed at ironing out a global climate framework for when the Kyoto Protocol expires in 2012 is scheduled to take place next year in Durban, South Africa.
To contact the reporter on this story: Ewa Krukowska in Brussels at ekrukowska@bloomberg.net
To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net
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