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Climate change, Global action after Copenhagen, Greening the Brown Economy

The combined effects of financial crisis, climate change and energy concerns mean that we must overhaul our ideas on governance and harness public opinion, argues Jacqueline McGlade, executive director of the European Environment Agency.


The global financial, energy and environmental crises all have their roots in decades of intense natural resources extraction along with poor governance. The result is that a massive but largely hidden ecological debt has steadily built up. It is a toxic debt that will be difficult to repay in the face of climate change and unsustainable growth and consumption patterns, and is also a debt not fully accounted for either in financial rescue packages or in plans for greening our brown economies.


The summary found that 10 out of 27 EU Member States are likely to exceed their national targets for renewable energy, with a further 12 set to meet their goals domestically. Only five Member States are currently expected not to meet their target with domestic sources only.

Renewable energy: forecasts show EU on track to meet 20% target

The EU will surpass its target to consume 20 per cent of its energy from renewable energy by 2020, according to national forecasts submitted to the European Commission. In its summary, the Commission finds that the EU will reach an overall share of 20,3 per cent renewables.

Commission President José Manuel Barroso said:

Climate change: European Commission sets out strategy to reinvigorate global action after Copenhagen

The European Commission today set out a strategy to help maintain the momentum of global efforts to tackle climate change. The Communication proposes that the EU swiftly begin implementing last December's Copenhagen Accord, in particular 'fast start' financial assistance to developing countries.

‘Taiwan wants to become party to Clean Development Mechanism’

In an interview with European Business Review, Patrick Wang, information director of the Taiwan Representation to the EU in Brussels, made clear that Taiwan (Republic of China) seeks engagement in corporate carbon credit trade via the Clean Development Mechanism.

Greening the Brown Economy

Greening the Brown Economy

The combined effects of financial crisis, climate change and energy concerns mean that we must overhaul our ideas on governance and harness public opinion, argues Jacqueline McGlade, executive director of the European Environment Agency.

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