The congressional initiative for stricter greenhouse-gas rules will help clinch a global deal later this year, says the European Commission
A new US bill on cutting CO2 emissions will help clinch a global deal in Copenhagen later this year, the European Commission said on Wednesday (1 April), while proposing to use money from CO2 cap-and-trade to finance Europe's response to climate change.
Democrat congressmen Henry Waxman and Ed Markey on Tuesday put forward a new legal initiative to cut US emissions by 20 percent by 2020 compared to 2005 levels, in a sign that the Obama administration plans to make good on election campaign promises on the environment.
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