Extracts from the press conference by Stavros Dimas on the proposals of the EC for global pact on climate change at Copenhagen
On 28 January 2009, Stavros Dimas, Member of the EC in charge of Environment, presented the European Commission's proposals for a comprehensive and ambitious new global agreement to tackle climate change and how it could be financed.
The new pact is due to be concluded at the Copenhagen UN Climate Conference in December 2009. In order to keep temperature increase below 2°C, developing countries will require substantially higher funding from the developed world and multilateral institutions to help them shoulder their contribution to addressing climate change.
The Commission's proposals include the creation of an OECD-wide carbon market by 2015 and of innovative international funding sources based on countries' emissions and ability to pay. SHOTLIST