Bloomberg BNA — During a visit to China to see firsthand how the world's largest emitter of greenhouse gases plans to reduce emissions, European Union Commissioner for Climate Action Connie Hedegaard said all countries must do their part to fight climate change and that whatever commitments they make should be “legally binding.”
The European Union’s 54 billion- euro ($71 billion) carbon emissions cap-and-trade system may be undermined if the bloc’s Parliament votes against Climate Commissioner Connie Hedegaard’s temporary rescue plan tomorrow.
The European Union’s planned measure to delay some carbon auctions is a short-term tool to tackle oversupply and will be followed by talks on further steps to bolster the bloc’s climate policies, the EU climate chief said.
The European Union’s attempt to cap greenhouse-gas emissions over the next 16 years is threatened again as rising pollution from the bloc’s biggest economies shows even developed nations want to burn cheap coal.
European Union Climate Commissioner Connie Hedegaard called on Russia and other nations to design domestic rules to cut carbon from airlines and earn exemption from the bloc’s emissions-trading program as of next year.