EU Issues Proposals Ahead Of UN Climate Talks

Law360, New York (January 26, 2009, 12:00 AM EST) -- The European Commission proposed Wednesday that developed countries create a worldwide carbon market, take on strict emissions targets and provide more funding to the developing world as a way to temper climate change, offering its blueprint for the United Nation's Copenhagen climate conference in December, where the global community will try to hammer out a follow-up to the Kyoto Protocol.

The European Council is expected to give its response to the EC proposals in March.

As part of the proposals, the commission said global warming must...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.