Climate Protection Jeopardized By Financial Crisis & Recession

The worldwide credit crisis will affect the ability of the developed world to tackle climate change. Businesses in Europe and U.S. are asking for delays in meeting emission reductions mandates notwithstanding the drop in oil prices.

1 minute read

October 20, 2008, 5:00 AM PDT

By Irvin Dawid


"The global financial crisis is threatening efforts in the U.S. and Europe to fight climate change.

In Europe, industries and some national governments are pushing back against the European Union's goal of cutting greenhouse-gas emissions 20% by 2020, arguing that the midst of an economic crisis isn't the time for costly new taxes on fossil-fuel consumption."

"Europe's auto makers are seeking to delay by three years the continent's planned introduction of mandatory carbon-dioxide emissions controls on new cars."

"In times of economic downturns, members [of Congress] are extremely reluctant to add burdens to the economy, and we're going to confront that problem," says Rep. John Dingell, chairman of the House Energy and Commerce Committee."

Thursday, October 16, 2008 in Wall Street Journal

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Get top-rated, practical training

Red 1972 Ford Pinto with black racing stripes on display with man sitting in driver's seat.

Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto

The Tesla Cybertruck was recalled seven times last year.

July 2, 2025 - Mother Jones

Close-up of park ranger in green jacket and khaki hat looking out at Bryce Canyon National Park red rock formations.

National Parks Layoffs Will Cause Communities to Lose Billions

Thousands of essential park workers were laid off this week, just before the busy spring break season.

February 18, 2025 - National Parks Traveler

Paved walking path next to canal in The Woodlands, Texas with office buildings in background.

Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50

A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.

February 19, 2025 - Greg Flisram

Screenshot of shade map of Buffalo, New York with legend.

Test News Post 1

This is a summary

0 seconds ago - 2TheAdvocate.com

Red 1972 Ford Pinto with black racing stripes on display with man sitting in driver's seat.

Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto

The Tesla Cybertruck was recalled seven times last year.

18 minutes ago - Mother Jones

test alt text

Test News Headline 46

Test for the image on the front page.

March 5 - Cleantech blog