GLOBAL MARKETS INSTITUTE - November 2009
UN Climate Change Convention, Dec. 7-18
A legally binding climate change treaty is no longer the main objective of the Copenhagen meetings. Now, the goal is to reach consensus on several elements that must precede the ultimate future treaty to replace the Kyoto Protocol, which is scheduled to expire in 2012. A new treaty, which aims to be more stringent and presumably have more signatories, is viewed by nations as essential to reduce the effects climate change may have on the future of the earth as well as economic and trade consequences, investment flows, and ultimate remediation costs.
>> Next Stop: Copenhagen - On the road to a new global climate change treaty November 2009 [PDF, 655 KB]