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  • Published: Dec 17th, 2010
  • Category: USA
  • Comments: None

EcoSecurities Says Cancun Talks Outcome May Spur Tighter EU Carbon Target


| Sourced From Bloomberg |

Alexander Sarac, general counsel at JPMorgan Chase & Co.s EcoSecurities unit, comments on the climate talks in Cancun, Mexico — on national emissions targets and on United Nations offset trading. Dublin-based EcoSecurities invests in greenhouse-reduction projects.

The European Union has committed to cutting emissions 20 percent by 2020 from 1990 levels and has said it will boost its reduction target to 30 percent if other countries also strengthen their commitments. UN offsets can be used for compliance in the EU. Sarac commented by e-mail.

On country emission targets:

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