Wednesday, November 11, 2009

26 Days Until Copenhagen

  • While international aid transfers remains a material impasse, diplomats are quick to blame the lack of reduction targets by the US as the primary deterrent to a comprehensive agreement in Copenhagen.
  • A two treaty framework, a Kyoto extension and a developing country agreement, to be debated at Copenhagen.
  • US to seek climate management framework at Copenhagen.
  • Obama says he'll attend Copenhagen if his presence will be beneficial to the process.
  • IEA releases forecast of booming energy consumption if emissions not curbed at Copenhagen or soon after.
  • IEA says that one year delay in climate treaty will cost $500B, roughly a 5% increase to the 2010 to 2030 estimated required mitigation spend.
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