1. The nature of the challenge
Scientific issue recognised, despite uncertainties
Major global emissions cuts (- 20 to - 50% rel 1990) needed by 2050 to avoid 2C temperature rise. ( CO2 equiv. stabilisation).
NB 2C global average implies about 3C regionally
Emissions peak by
Speed of technological change may be limiting (50 year time delay) Even a 5 year delay matters.
Even a 5 year delay matters.
But major change is in the offing

2. Level of participation
Global participation needed – what is the EU’s strategy?
2C not achievable without it
But need to differentiate between countries at different stages of development
Key concerns about competitiveness

3. EU targets post 2012 Seek global participation
Seek global discussion on 2C limit
Avoid unilateral targets
Concern about competitiveness
Concern about leakage / trade

4. Stakeholder engagement
Work for greater public awareness about actions they can do.
Industry willing to work with Governments/Commission to help EU show leadership
Reward early action

5. Post 2012 structure
No consensus – maybe like Kyoto but be open to other approaches to engage with others
Market flexibility supported
Wait and see how well it works
Technology diffusion important – is CDM enough?

6. Technology choices Investment in R&D needs to be increased
Divergence between no restrictions and limiting involvement of nuclear and carbon capture and sequestration.

7. Leadership EU – yes but how? Aim to engage with others.
Symbolic leadership important
Private sector involvement is important