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Mr Dimas - welcomed the Obama administration's move (Photo: European Community, 2005)

EU welcomes US move on CO2 amid climate change worries

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 camp...

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Mr Dimas - welcomed the Obama administration's move (Photo: European Community, 2005)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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