Both EU member states and the European Parliament agreed in December upon legislation to combat climate change, but critics claim that the compromise deal contains too many loopholes.

Many studies have assessed cost implications of different burden sharing regimes or allocation schemes for post-2012 regional emission reductions. These studies analysed the implications of emission allocation rules on the regional costs of abatement. Adaptation costs and residual damages are generally analysed separately from the burden sharing regime.

In a world that attempts to move towards a low-carbon economy Efforts to cut greenhouse gas emissions and tackle climate change have created a new market, generating new opportunities, dubbed green jobs. According to a report by the United Nations Environment Programme, over the coming decades, millions of green jobs would be created in sectors such as energy, transport, construction,

The gap between political rhetoric and scientific reality on climate change is growing, complain scientists at the UN climate conference in Poland.

Minor progress in Poland on adaptation and deforestation sets the stage for Copenhagen in 2009.

European heads of state struck a deal on 12 December on how to go about reducing Europe

the provision of new and additional resources, Parties proposed: New (EC and its member states, MISC 2) and additional, that is, over and above the target of 0.7 GNP for Official Development Assistance (ODA) (Colombia, MISC 1; Singapore, MISC 2; AOSIS (Alliance of Small Island States), G77 and China, African Group, MISC 2/Add 1; Argentina, Brazil, China, MISC 5; LDCs, finance