Outcomes of Copenhagen Climate Summit

The only certainty from the climate summit was that in the process of hosting the summit they would spent a lot of money, generate a lot of CO2 and attract a lot of crazy people.

I must say that I am half impressed with the outcome – I was half expecting that the summit would be terminated by a walkout by disgruntled countries, but I am sure they realised that would be bad PR.

Instead, they have announced a non-binding declaration – a US-brokered deal with India, China, Brazil and South Africa – that they say will limit global warming to 2 degrees.

Here are a couple of links:

http://www.dnaindia.com/world/report_copenhagen-climate-summit-comes-to-an-end_1325458

http://www.smh.com.au/environment/climate-change/climate-draft-accord-agreed-20091218-l1jo.html

I am trying to work the meaning and impact of the declaration. My understanding is that they have a few pledges from countries to achieve certain drops in CO2 emissions by 2020, but the specific figures have not been disclosed.

Also, they may impose additional tax air and sea travel to raise billions of dollars yearly to assist island nations who believe that they are at risk of being submerged.

Naturally, most opposition and criticism is coming from countries that don’t thing the measures go far enough, and other countries who do not want to harm their economies atoning for the sins of the developed world.

More to come as things are clarified in the media.

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