Since US President Barack Obama disappeared into back-room negotiations following the lunch break in Copenhagen, verly little news has emerged other than a series of rumors and draft documents adding or deleting significant portions of text.
The most recent rumor is that industrialized nations will not include 2020 targets in the agreement expect to emerge tonight or early Saturday. (TimesOnline reporting)
Based on the elements that have remained consistent among numerous draft documents being passed around, the following items seem likely:
- The document will be called the "Copenhagen Accord"
- $10 billion per year "fast-start" funding for poor nations from 2010-2012
- pledge of $100 billion a year in funding for mid-term (2020)
- agreement to cut global emissions 50% below 1990 levels by 2050, with rich nations cutting 80
- Review in 2016 to judge progress and consider goal of limiting temperature increse by 1.5 derees celsius
Some reports suggest heads-of-of-state may stay through the night, if needed.
This New York Times piece is a good wrap-up of where things stand at the moment. We’ll keep watching closely, and try to make sense of it all on Monday.
Have a good weekend.
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