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11/17/09

nasdaq: Germany Wants Quick, Binding Climate Deal - Merkel

Angela Merkel


For the complete report from Nasdaq click on this link

Germany will push for a quick and binding deal on greenhouse gas emission reductions to fight climate change, Chancellor Angela Merkel said Tuesday. "We will make very clear that we still advocate for very ambitious goals for Copenhagen," Merkel said in a televised press conference ahead of the coalition government's two-day closed-door meeting. "We must do everything in our power to quickly achieve a binding agreement. Even if we don't succeed with this in Copenhagen, this must not be postponed indefinitely." Her comments come ahead of next month's U.N. climate summit in Copenhagen and after heads of government from the Asia-Pacific Economic Cooperation forum Sunday abandoned specific goals on battling climate change and accepted the U.N. talks won't agree on binding targets for cutting greenhouse gases.

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