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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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The 15 th Congress, also known as the 15 th Conference of Parties, or COP 15, was initially intended to be a largely procedural summit, with many major negotiating points settled and most environmental ministers prepared to sign a binding emissions treaty that contained specific emissions targets as well as commitments to financing structures.

Climate 236
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PwC analysis finds meeting 2 C warming target would require “unprecedented and sustained” reductions over four decades

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—Leo Johnson, Partner, Sustainability and Climate Change, PwC. The new reality is a much more challenging future in terms of planning, financing and predictability. —Jonathan Grant, director, sustainability and climate change, PwC. nuclear war, radical climate change before 2050).

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GSI/UNEP conference report finds fossil-fuel subsidy reform complex and challenges sobering; ~1% of global GDP spent on fossil-fuel subsidies

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In 2008, a report by UNEP called for the elimination of fossil-fuel subsidies, concluding that such subsidies often lead to increased levels of consumption and waste; place a heavy burden on government finances; can undermine private and public investment in the energy sector; and do not always end up helping the people who need them most.

Fuel 240
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Perspective: Why Carbon Emissions Should Not Have Been the Focus of the UN Climate Change Summit and Why the 15th Conference of the Parties Should Have Focused on Technology Transfer

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Oceans, already expanding from warmth and melting glaciers, would rise, increasing coastal flooding; a chain reaction of climate changes is projected to lead to harsher, more widespread droughts and more powerful storms. But starting to raise immediate finance is more important than determining its exact future size.