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

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The last official UNFCCC meeting prior to the 15 th Congress ended 6 November in Barcelona, and environment ministers have been shuttling in and out of Copenhagen since then to conduct ad hoc negotiations prior to the summit. “ We are not aiming to let anyone off the hook. The best we can hope for is that we are not a drag on the pack.

Climate 236
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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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Island states like the Maldives and Grenada argue that a 2 °C target, which is considered by many scientists to be the safe upper limit for warming, will still result in a high enough sea-level rise to wipe them from existence. Other transaction costs include the search of partners, the drafting of contracts, legal assistance, etc.