Within the framework of the preparations for the Cancún Climate Conference (29 November-10 December 2010), Commissioner Hedegaard told members of the European Parliament meeting in plenary yesterday that "the legally-binding deal that the EU was ready for last year and that we are still ready for will, unfortunately, not be the outcome of Cancún - not because of us, but because others are not ready for it. It is true that we are heading for a package which is balanced but, I would also say, substantial and ambitious".
According to the European Commissioner for Climate Action, "we will insist on the need to anchor mitigation pledges, set up an enhanced system for Monitoring, Reporting and Verification (MRV) and promote the carbon markets. We should, of course, also have decisions on REDD+, adaptation, technology, finance and capacity-building. All these elements will have to be reflected in a package that we consider balanced".