Copenhagen climate summit releases draft final text

[pampango]

Source: BBC

Rich countries are being asked to raise their pledges on tackling climate change under draft text of a possible final deal at the Copenhagen summit. A document prepared by one of the summit's chairmen calls on developed nations to cut greenhouse gas emissions by 25-45% from 1990 levels by 2020.

Small island states and poorer nations of Africa and Latin America have called for the document to endorse the target of keeping the temperature rise since pre-industrial times below 1.5C (2.7F).

This is below the figure of 2C (3.6F), which was endorsed by the G8 and major developing economies in July, and implies the need for drastic emission cuts. The draft also leaves open the scale of financing to assist developing countries to curb emissions growth and to protect themselves against climate impacts.

Developing countries are demanding far more than richer countries currently believe is necessary, and are likely to ask for a lot more clarity. At a European Council meeting in Brussels, EU leaders have agreed to pay 7.2bn euros ($10.6bn; £6.5bn) over the next three years to help developing nations adapt to climate change. Announcing the deal, Swedish Prime Minister Fredrik Reinfeldt said all 27 EU member nations would contribute. The pledge is more than the EU target of 6bn euros ($9bn; £5.5bn) by 2012.

Read more: http://news.bbc.co.uk/2/hi/science/nature/8407824.stm

[DissedByBush]

If you didn't see a massive money grab coming

You've had your head in the sand for years.

[Javaman]

1. A very brief recap of the text...

something something something, trigger this, sundown that, won't start till later.

See, we're alllllll better now!!