Leaked Text Causes Uproar in Copenhagen; EU Withdraws Offer on Emissions Reduction
Tuesday, December 8th, 2009
Delegates from developing nations at the Copenhagen conference were incensed after reading a leaked document purporting to show that a group of wealthy nations intends to sideline the UN in future climate change negotiations and place CO2 emissions restrictions on poorer nations.
The Guardian reported that the so-called “Danish text” — reputedly drafted by wealthy nations including the United States, the United Kingdom, and Denmark — would abandon the principles of the Kyoto Protocol requiring industrialized nations to commit to binding greenhouse gas emissions while poorer nations were not compelled to act. The draft text would hand control over financing climate change projects in the developing world to the World Bank and would make funds given to poorer nations for climate change adaptation contingent on those nations taking actions to reduce emissions.



While the slumping economy has delivered a gut shot to the CleanTech sector, many optimists are confident that a new wave of investment is coming. Even so, one must wade through a torrent of sobering news to arrive at such a conclusion.


