EurActiv.com - EU reconsiders green laws to shore up industry | EU - European Information on Sustainable Dev.

Germany in particular reckons that all additional environmental legislation should be put on ice until economic conditions return to normal, according to one senior diplomatic source.

China pans US over climate demands | smh.com.au

President Obama is pushing legislation that would cut carbon emissions by 17 per cent in 2020 from 2005 levels. However, Pan Jiahua, one of China's top advisers on climate change diplomacy and economics, will send a blunt message to Mrs Pelosi when they meet at the Great Hall of the People today.

"China is not at all impressed with Obama," Professor Pan told the Herald. "Obama's statements are certainly insufficient and his demands for developing countries are unrealistic."

Carbon scam continues to die

Swiss Re will no longer write coverage for the emissions trading market that targets climate change, a segment in which the global reinsurer had served as an early and key innovator.

We're reducing our current activities in emissions trading but we cant say when we will discontinue all of our activity, said Hunter Hoffmann, assistant vice president of communications at Swiss Re Americas.

Hoffman said the London-based team assigned to this area has been reduced and is working to manage and down scale its book of business. New business is not being sought in the carbon emissions area and existing contracts and commitments will be honored, according to Hoffmann.