The UN climate change meeting to be held in Copenhagen next year is the “most important gathering since the Second World War”, according to Nicholas Stern, author of the influential Stern Review on the economics of climate change.
The UN climate change meeting to be held in Copenhagen next year is the “most important gathering since the Second World War”, according to Nicholas Stern, author of the influential Stern Review on the economics of climate change.
Progress at the climate talks, Stern said, will depend on rapid progress in domestic US climate change legislation, and the response from China. And he warned that failure to reach agreement in Copenhagen would “badly damage” the carbon markets.
The UN climate talks to be held in Copenhagen in December 2009 will mark the culmination of two years of international talks to agree a successor to the Kyoto Protocol, which expires at the end of 2012. Progress in the negotiations – the latest round of which were held in Accra last month – has been painfully slow, raising questions over the future of the international climate regime, and the global carbon markets.
Source: Environmental Finance [1], where you can read the full article.
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[1] http://www.environmental-finance.com/onlinews/0911cpe.html