Word: copenhagen
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...weren't yet fed up with the seeming inability of governments to get anything done, December's U.N. climate summit in Copenhagen might have pushed you over the edge. Representatives of 192 nations gathered for two weeks with the goal of hammering out an international environmental accord, and instead parliamentary stasis reigned. Late-night negotiating sessions went nowhere, powerful developing nations like China seemed determined to block any progress, and the U.S. itself - which still hasn't passed a carbon cap of its own - lacked much diplomatic leverage. As late as the evening of Dec. 16 - just two days before...
Though President Barack Obama's on-the-ground diplomacy on the final day of the summit produced what came to be called the Copenhagen Accord, there are more than a few environmentalists who believe the conference was a failure. That may be going too far. A three-page, nonbinding agreement that wasn't fully accepted by all of the nations in attendance may be a diplomatically flimsy thing, but it does hold real promise. Major developed and developing countries agreed that by Jan. 31 they will submit their emissions-reduction plans - plans that will be crucial in pushing the world...
...Climate Risk at the U.N. on Jan. 14. The event connected green luminaries like Al Gore with the unfamous people who direct hundreds of billions in private investment. This was the fourth annual summit, but it may have been the most fortuitously timed of the lot - occurring after Copenhagen, before the U.S. Senate begins its real work on climate legislation this year and just as investors begin to climb out of the recession. The feeling at the session was hopeful - investors, especially large-scale institutional funds that need to worry about the long term, are ready to bet on cutting...
...good start at Copenhagen, but we're still without a very clear goal, without clear carbon caps, without a price on carbon," says Mindy Lubber, president of Ceres, a national network of major institutional investors and public-interest groups. "The private sector is ready to rock and roll." (See pictures of the effects of global warming...
...Administration remained behind a climate bill. "There will be a significant effort on the part of all in the Administration to press forward," he said. "The President is focused on it, and the White House is focused on it." Obama will have to be. As the exhausting experience at Copenhagen showed, climate policy is not for the faint of heart...