EU-U.S. Summit Declaration, 3 November 2009

Sectors : Climate change - general, Economic governance and public finance management, Energy, climate change and technology, Environment
Organisation : EU
Date made: 
2009
Level: 
Heads Of State
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Commitments in: Climate Change - Climate change - general

“... We therefore agree:...

...– To follow up on our Pittsburgh Summit commitment to implement the G-20 Framework for Strong, Sustainable and Balanced Growth. We commit to remain vigilant to take actions to assure a strong recovery and to plan for cooperative and coordinated exit strategies to be implemented once recovery is ensured. We further commit to undertake financial regulatory reforms to improve the resilience of our financial system to prevent future financial crises, create a 21st century international economic architecture, and address pressing global challenges including energy security and climate, unemployment and decent work. We will continue to fulfil commitments from the Pittsburgh, London and Washington Summits, including the creation of more resilient financial regulatory structures with an enhanced and expanded scope of regulation and oversight.”

Scope: 
International
“... We therefore agree:...

...– To establish a Ministerial-level EU-U.S. Energy Council [ref Annex 2: The EU-U.S. Energy Council] that will improve energy security and contribute to achieving our ambitious climate change goals. The Council will promote new and ongoing cooperation on energy security and markets, energy policy, energy technologies research, and the deployment of clean and sustainable energy technologies which we agree are critical to sustainable economic growth and development.”
Scope: 
International

Commitments in: Environment

“... We therefore agree:...

...– To promote an ambitious and comprehensive international climate change agreement in Copenhagen. Together, we will work towards an agreement that will set the world on a path of low-carbon growth and development, aspires to a global goal of a 50% reduction of global emissions by 2050, and reflects the respective mid-term mitigation efforts of all major economies, both developed and emerging...In the context of an ambitious agreement in Copenhagen, we are prepared to work to mobilize substantial financial resources to support adaptation for the most vulnerable and to support enhanced mitigation actions of developing countries. – To strengthen efforts to develop strong and well-functioning carbon markets, which are essential to maximize climate finance and to engage emerging and developing countries is ambitious emissions reduction actions. We will therefore work together to expand carbon markets as we design and implement our cap and trade systems.”
Scope: 
International