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G L O B E
EU
Breakthrough or Breakdown?
 
How the EU action could resolvethe climate deadlock
 
7 December 2009
 
TableofContents
Summary............................................................................................................................2
1. Introduction.....................................................................................................................3
2. 2˚C: A challenge for global emissions that can be met...................................................3
3. EU climate policy: Raising the level of ambition will bring domestic
and 
 international benefits...........................................................................................................6
4. Europe’s role in financing transition in the developing world........................................12
5. Conclusions..................................................................................................................15
 
2
Summary
 
Time is running out to clinch a decisive deal on global climate action in Copenhagen.Climate change beyond 2ºC presents a severe threat to the world’s future developmentand security – but current commitments and proposals fall short of what is needed tostand a reasonable chance of remaining below this threshold.A catalyst is urgently needed to create a positive negotiating dynamic wherepolicymakers worldwide feel able to take a more ambitious stance.The EU is in a position to play this pivotal role, by indicating now that it is ready to raisethe level of ambition of its own
domestic 
emissions cuts to 30% from 1990 levels, bysignaling that it will increase its ambition further still over the coming months, and byensuring it makes a fair contribution to the financing of the international effort.In light of recent science and emissions trends, 30% is yesterday’s 20%. In any case, amore ambitious climate policy is in the EU’s own self interest, and will have a catalyticimpact on international action – a shift to 30% is achievable at low cost, will bringwidespread domestic benefits, and will result in a more dynamic, efficient and competitiveeconomy.
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