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Quote Climate change is forcing companies of all sizes to rethink the way they do business.. to find ways to sustain growth in a low, rather than high, carbon economy. Quote
RICHARD SHARMAN, KPMG Carbon Advisory Group

Climate Action - Assisting business towards carbon neutrality

EU ‘holds firm’ on climate goals

Published on 16 October 2008

Source: BBC

EU leaders will maintain their targets and timetable for tackling climate change, despite objections from some nations, the French president has said.

At a summit in Brussels, Nicolas Sarkozy said "solutions" would be found for those that had expressed concerns.

Some countries have threatened to block a deal agreed last year for EU-wide cuts in greenhouse gas emissions, citing the economic slowdown.

The split over climate change contrasts with EU unity over the banking crisis.

The financial crisis has prompted some countries such as Poland and Italy to argue that they cannot afford to enforce tough emissions targets on their industrial sector.

Mr Sarkozy, whose country holds the EU's rotating presidency, said: "The climate package is so important that we cannot simply drop it, under the pretext of a financial crisis."

Speaking at the close of the meeting, European Commission chief Jose Manuel Barroso said "we are not going to let up on the battle against climate change."

Last year, EU leaders vowed to cut greenhouse gas emissions by 20% by 2020, compared to 1990 levels, and to derive 20% of energy from renewable sources.

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