From carbon insolvency to climate dividends

By Claus Leggewie - 02.09.2009 / 12:33 CET

The world needs a Climate Bank and per-capita emissions budgets.

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Environment committee wants more precise targets in Commission's upcoming seventh Environmental Action Programme (7EAP).

The EIB now promotes clean energy more – but fossil fuels still dominate its energy portfolio.

Members of the environment committee use vote on energy efficiency directive to call for lower CO2 permits.

Climate change deal includes all major emitters.

Little prospect of a deal at Durban conference.

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