U.S. Affirms Climate Goal; Envoys Cite Progress on ‘Green Fund’
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The U.S. failure to pass cap-and- trade legislation won’t change its target for 2020 to reduce greenhouse-gas emissions by roughly 17 percent, climate negotiator Todd Stern said today.
The House approved a bill last year to set limits on carbon dioxide linked to global warming and create a market in pollution allowances. The bill, supported by President Barack Obama, stalled in the Senate. Without new cap-and-trade legislation, Obama’s Environmental Protection Agency plans to use existing laws to regulate some sources of carbon pollution.