FinSoul: The EU is still positive about achieving a climate deal.

Dec. 23, 2009 - PRLog -- CIG believes that the EU environment minister recently attended a high level meeting in Brussels to discuss how they were to rescue the Copenhagen climate process and drive toward concrete and legally binding measures for combating global warming.

The EU had hoped that Copenhagen would achieve a broad commitment to a minimum 20%cut in carbon emissions below 1990 levels within the next decade, but this and other firm commitments failed to materialize in the last minute accord.

Despite months of preparation and a 2 year build up to the Copenhagen climate conference, the negotiations ended with the inability of the globes 2 main emitters, China and the U.S. to reach a compromise.

"Expectations and pressure on the United States have risen after Copenhagen ... to really deliver," FinSoul believes the Swedish Environment minister told reporters recently.

The next meeting of the 27 EU member states is expected in early January where they are expected to discuss the EU’s role in achieving a stronger global agreement.

The EU attended Copenhagen with a unified position and a plan for financing emission cuts throughout the developing world with an initial financial commitment of around €7 billion over the next 3 years in aid for poorer nations.
"Europe never lost its aim, never, never came to splits or different positions, but of course this was mainly about other countries really (being) unwilling, and especially the United States and China," FinSoul believes the Swedish minister added.

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FinSoul structures and guides greenhouse gas emission reduction projects from beginning to end, working with both project developers and buyers of emission reduction credits.