Financial Meltdown Threatens EU Climate Change Action

The governments of Italy and Poland, and of six eastern European countries, attending a summit meeting in Brussels today, called on the European Union (EU) to delay its far-reaching plan to reduce greenhouse gas (GHG) emissions, because of the global financial crisis.   At CW’s press time, the EU’s leaders were expected to approve plans for a EUR1.7 trillion ($2.3 trillion) emergency fund for the region’s banking industry. That financial agreement means it is now too difficult for Europe’s industry to take on the cost of moving to a...

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