21 May 2009, Bloomberg

U.S. Climate Plan Threatens Global Accord

Article by Jonathan Stearns and Alex Morales

The European Union may have to scale back its goals to reduce global-warming emissions after a less- ambitious plan won initial approval in U.S. Congress.

"The U.S. bill is clearly an advance on the past," said James Cameron , vice chairman of the London-based fund manager Climate Change Capital and a former treaty negotiator. Still, "the middle ground of scientific opinion tells us we need to make reductions in a much larger amount over a shorter period."

 

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