logo


G20 finance ministers' climate role urged
Saturday, November 07, 2009 12:53 PM


(Source: United Press International)trackingFinance ministers from the Group of 20 were urged at their summit in Scotland Saturday to get more involved in climate change.

Alistair Darling, the British chancellor, told his colleagues it will be very difficult for the economic organization, consisting of 20 of the world's largest economies, to put together a deal to replace the controversial Kyoto treaty at next month's meeting in Copenhagen unless everyone can agree on how much it will cost each member nation.

"Finance ministers must be engaged because if there isn't an agreement on contributions, the Copenhagen agreement is going to be much more difficult," Darling said.

The BBC said it appeared several nations were waiting for the United States to lay its cards on the table. Darling added he doubted a binding agreement would be reached this year.

The summit at St. Andrews in Fife, also focused on the global economy. Some members urged closer international cooperation on monitoring the budding recovery and preventing the reemergence of the conditions that caused the recession.

A service of YellowBrix, Inc.



(0)
No Comments
Post Comment
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
   
 
 
 
 
   
 

  
Related Press Releases
Advertisement
Popular Articles
Advertisement
Partner Center
Fundamental data is provided by Zacks Investment Research, market data is provided by AlphaTrade. , and Commentary and Press Releases provided by Quotemedia