Some would say the Copenhagen deal will be streamlined. Others will argue it is losing substance. The signs coming out of the Major Economies Forum – MEF, held in London this Monday, are that developed countries are relenting on their demand that emerging economies agree to commit to long-term targets to curb greenhouse gas emissions. Many representatives of major developed countries stressed that they see intermediate targets for 2020 as more relevant.
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Increasing market awareness about climate change risk and costs has been driving a growing number of companies to adopt climate friendly corporate policies in the US.
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We we are on a hazardous route for some time: exceeding the safe limits of greenhouse gases emissions, pollution and other forms of extracting the planet’s resources as well as throwing the remains of our activities on its atmosphere, water and soil.
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The future of the Copenhagen deal is in part being played today in New York City. The Climate Summit has already gained diplomatic significance.
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