Last week, in Durban, South Africa, over 190 countries concluded negotiations to frame new international commitments to address global climate change. COP17 was a crucial gathering because time is limited to negotiate a successor to the Kyoto Protocol, the legally-binding international agreement to reduce greenhouse gas emissions that is set to expire in 2012.
In spite of the imminent deadline, a new global agreement was not reached. Developed, developing, and emerging economy countries are too far apart to reach a shared vision. In addition, the financing to achieve the scale of mitigation and adaption estimated to be needed by 2020 isn’t forthcoming.
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