Climate Talks End In Copenhagen Accord; Countries Settle On Non- Binding 2 ºC Warming Limit

Green Car Congress

In the end, 188 countries voted in favor of the motion, with Cuba, Bolivia, Sudan, and Venezuela voting against it. Developed countries would reach agreement with emerging economies such as Brazil, China, and India as to whether or not emerging economies should set emissions reduction targets. All agreements would be legally binding, and would be subject to independent verification. by Jack Rosebro.

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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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China and India recently announced plans to reduce the carbon intensity, or the amount of carbon-dioxide emissions per unit of gross domestic product, of their economies over the next decade. The Chinese can promise to do this because they’re modernizing their economy. For emerging economies like those of China and India, the proportion is closer to 80%. Other transaction costs include the search of partners, the drafting of contracts, legal assistance, etc.

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