Keep climate change on agenda, pleads IPCC

POLITICAL ECONOMY

by Staff Writers
Davos, Switzerland (AFP) Jan 23, 2008
The head of the UN's Nobel Prize-winning scientific panel on climate change warned Wednesday that fears about the world economy could put climate change issues in the shade.

Global warming is a key theme at this year's meeting of the world's business and political elite in Davos, but fears of a US recession and plummeting global stock markets risk overshadowing it.

"I do realise that there are concerns about recent financial phenomenon that appear to dominate everybody's attention at this point in time, but ... the kind of decision making power here should not lose sight of the reality of climate change," the Intergovernmental Panel on Climate Change chairman Rajendra Pachauri told reporters.

The first day of the 38th World Economic Forum (WEF) on Wednesday saw debate about the global economy dominate amid volatility on world stock markets owing to fears of a US recession.

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POLITICAL ECONOMY

EU sets emissions targets to fight climate change

Brussels (AFP) Jan 23, 2008
The European Commission set targets Wednesday for EU member states to slash greenhouse gases, seeking to calm fears about the burden of fighting climate change and warning that the cost of dithering would be much higher.

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