All over the world, the threat to jobs, profits and government tax revenues posed by the financial crisis has cast doubt on commitments to cap emissions or phase out polluting factories.
According to the New York Times, the on-line article, Economic Slump May Limit Moves on Clean Energy, states that the combat in global warming and the plans to wean businesses and consumers from utilizing fossil fuels, may have come to a stand still, due to a poor global economy and plunging prices of coal and oil.
However, according to the NY Times, President Barack Obama and the European Union have vowed to stick to their commitments to cap emissions of carbon dioxide and invest in new green technologies.
However, even with the input of the new US President and that of European Union, the financial crisis has rippled across the nation, affecting other powerfull nations such as Europe and Asia.
It's unlikely that other leaders will join to support Obama's and the European Union's cause to combat global warming.
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