Sunday, December 14, 2008

Climate Change Curb & Economic Stimulus Plan

European leaders adopted what they described as a historic pact to combat global warming, Dec 12, and challenged President-elect Barack Obama to join in their commitment to drastically reduce greenhouse gases despite the global economic crisis.

The 27
European Union nations also endorsed a €200 ($260) billion economic stimulus plan, equivalent to 1.5 percent of the bloc's gross domestic product, and urged the incoming Obama administration to prepare similarly ambitious measures and financial reforms for coordinated action at a summit of the world's 20 major economic powers scheduled for April 2 in London.

The appeals, at a two-day E.U. summit in Brussels, reflected widespread expectations among European leaders that Obama and his team will be easier to work with than the Bush administration and that, to a large extent, the president-elect shares their assessment of the need for bold steps to slow global warming and to revive economies that have been sapped by financial turmoil… By Edward Cody, Washington Post

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