Sir Howard Davies
  Otmar Issing
  Vincenzo Maranghi
  Philip Lowe
  Andrew Crockett
  Jeffrey P. Owens
  Joke Waller-Hunter
  Jaap Winter
  Marinus W. Sikkel
  Philippe de Buck van Overstraeten

Noises off: As the E.U. goes for expansion, doubts surface in candidate countries
10/21/2002
The European Commission: Euroland's three biggest economies were struggling. But instead of standing firm, Brussels caved in
10/07/2002

Look After the Old Folks: Aging European populations are increasing demands on social security funds, so governments plan to make workers pay
5/20/2002

UNICE
Union of Industrial and Employers' Confederations of Europe.

BIAC
The Business and Industry Advisory Committee to the OECD

UNFCCC
Home page of the United Nations Framework Convention on Climate Change

The OECD
Homepage for the Organisation For Economic Co-Operation And Development

FSF
The Financial Stability Forum

The European Competition Commision
Europe's antitrust watchdog

ECB
Web site of the European Central Bank, located in Frankfurt, Germany

FSA homepage
The Financial Services Authority is an independent body which regulates the financial services industry in the UK


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EMISSION IMPOSSIBLE: Waller-Hunter's crusade against greenhouse gases is personal; she hasn't owned a car in decades

Joke Waller-Hunter
56, Dutch
Why She Matters: She's trying to establish environmental rules for the next generation
Location: Bonn, Germany

Posted Sunday, Dec. 1, 2002; 15.43GMT
As the woman charged with imple-menting global agreements to control greenhouse gases, Waller-Hunter's work could have a profound effect on business — and she knows it. "Some companies are still very skeptical and would like to stall progress," she says, "but my impression is that the business side as a whole is not that reluctant." She's fostering a credit system for companies that invest in environmentally clean projects in developing countries, and she's also trying to get an emissions-trading scheme off the ground (though she admits that once these systems are up and running, a bigger challenge will be to ensure there's no cheating).

Waller-Hunter, who started her career in environmental affairs working for the Dutch government, has only been with the U.N.'s Framework Convention on Climate Change since May and has a stormy future ahead of her. The U.S. has refused to sign the 1997 Kyoto Protocol, which requires nations to cut their emissions of greenhouse gases by about 5% below the 1990 level, and Russia will only decide whether to ratify it next year.


"Some companies are still very skeptical and would like to stall progress [on reducing greenhouse gas emissions]"

A nyet from Moscow could kill the whole deal. "She's in limbo," says Björn Stigson, president of the World Business Council for Sustainable Development, which comprises 160 companies including Bayer and BP.

Waller-Hunter's most pressing diplomatic concern is to keep developing countries engaged; some insist they are not the cause of the greenhouse-gas problem in the first place. That means she shuttles around the world trying to hold together a fragile coalition. All that flying isn't something she relishes, she says, because it just adds to the pollution. Waller-Hunter hasn't owned a car since the 1970s and likes to get around by bicycle wherever possible.



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FROM THE DEC. 9, 2002 ISSUE OF TIME MAGAZINE; POSTED 15.43GMT, SUNDAY, DEC. 1, 2002

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