Crisis leaves the climate glass half empty

A sombre mood has engulfed 2008 as the devastating impact of the global financial crisis in the last quarter wiped out any earlier optimism.

The year had started well for the environmental community. Hot on the heels of the EU leaders’ commitment to meet ambitious climate objectives by 2020, lawmakers started hammering out the details of how to reach those goals. Hopes were raised that a new era was dawning for renewable energy sources and low-carbon technologies.

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