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Climate change fight 'hurt by cash crisis' says EU
By ROD McGUIRK,Associated Press Writer AP - Wednesday, October 29
CANBERRA, Australia - The economic slowdown may curb greenhouse gas emissions but it will also reduce the global effort to tackle climate change, a European Commission climate expert said Wednesday.
Simon Marr, an emissions trading specialist of the EC's Environment Directorate General, said the benefit from reduced global warming pollution caused by the economic crisis would likely be outweighed by less capital being available to invest in low-carbon technology.
There would be "a net increase (in greenhouse gas emissions) unfortunately due to that slowdown" of the world economies, the German official told reporters in Canberra.
Marr, in Australia to discuss the government's plans to introduce a carbon emissions trading scheme in 2010, said the economic crisis should not an excuse for the United Nations to fail to reach a new global agreement on climate change at a summit in Copenhagen in December next year.
He said global cooperation to limit the economic fallout from the credit crunch demonstrated how quickly the world can react to a crisis.
"We need a wake up call that the financial crisis is severe ... but the climate crisis is happening and is fundamental," Marr said. "Climate change is already a very severe crisis and we need to respond to that at least similarly to the financial crisis."
France and Germany urged smaller European Union economies at a climate change meeting in Luxembourg last week not to use the financial meltdown as an excuse to curb legislation aimed at cuts in greenhouse gas emissions.
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