This week ended with another blow to the possibilities
that an international binding agreement to reduce world
emissions
is signed in Copenhagen next December.
During the Asia Pacific Economic Conference (APEC)
held this Sunday in Singapore, two of the largest world
emitters in the globe agreed with a Danish proposal
supporting a “political deal only” at the next Conference of Parties. The United States and China agreed to avoid
specific binding commitments , going for a political text in
which a deadline to sign a binding agreement is fixed.
This strong signal against a success in Copenhagen comes
just a few days after the meeting between US President
Barack Obama and Japanese Prime Minister Hatoyama, in
which the two leaders had reaffirmed their willingness to
abide to the commitment undertaken during the G8
meeting this summer -an 80 per cent reduction of
greenhouse gas emissions by 2050.- and called for
“specific emission reduction targets by rich countries”.

 Emission Trading Monitor

• This news is extracted from the Emission Trading Monitor : a CMCC weekly column that summarises the latest news on international climate change agreements, the updates on the carbon market and the energy and technology updates in the realm of climate change. Go to the web page and see all previous issues since March 2007.
• This week: EU-15 on track to meet Kyoto targets, EC proposal on carbon tax meets industry scepticisma
  Copenhagen success likely to become an oxymoron, Brazil announces voluntary reduction, New Zealand may
  delay ETS, and, as usual the situation of the Carbon Market – Download the 9-13 November, 2009 Newsletter [pdf – 156 Kb]