EU leaders struggle for 'difficult' climate deal

Image
AFP Brussels
Last Updated : Oct 23 2014 | 10:40 PM IST
European Union leaders warned it would be tough to seal a high-stakes climate change deal as they began talks today on a pact aimed at making Brussels a global trailblazer for decades to come.
The two-day EU summit will focus on an ambitious package of climate change targets for 2030 but also tackle the Ebola crisis, economic stagnation and the crisis in Ukraine.
But deep divisions over the cost of the climate measures were holding up a deal, especially from coal-reliant Poland, and key targets remained in doubt even as leaders of the 28 nations arrived for the summit.
"The negotiations won't be easy and I can't say if there will be a result," German Chancellor Angela Merkel told reporters.
The EU wants to agree on what would be some of the world's toughest climate change targets ahead of a summit in Paris in 2015, at which a new UN-backed global treaty is to be agreed.
EU nations broadly agreed on two key areas: binding targets to cut greenhouse gas emissions by 40 percent over 1990 levels and to make renewable energy such as solar and wind power account for 27 per cent of energy, sources told AFP.
But a third major benchmark for energy efficiency was a bigger headache, with negotiators proposing a non-binding target of 27 per cent for energy efficiency only at the last minute on Thursday, they said.
EU leaders had yet to confirm those targets and the talks could go on late into the night.
French President Francois Hollande said a deal was "in view" and that he was doing everything possible with Germany and Britain to secure a deal, but acknowledged that "there is one country at the moment which is resisting."
"If there is no agreement in Brussels between the most advanced countries on this issue, how can we convince the Chinese, the Americans or poorer countries?" he told reporters.
Hollande did not name the hold-out country, but Poland's pointman on climate issues, Marcin Korolec, said on Twitter today that a "deal is still quite far away. Final work begins now."
Poland's prime minister Ewa Kopacz has previously threatened to veto a deal, with her country's heavy reliance on coal meaning it would be expensive to convert power plants to meet the climate targets.
Countries like Portugal and Spain are at odds with France over their desire to build more cross-border cables to export surplus electricity produced by wind power.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 23 2014 | 10:40 PM IST

Next Story