The Copenhagen summit is drawing to a close with no major announcement forthcoming. People say that a new beginning has been made, but when isn't a beginning new? And when the whole world is sitting on a ticking time bomb, you are looking out for more than a beginning. The only redeeming point according to me was the coming on board of US of A. And Obama took the spotlight away from all the declaration, or rather the absence of it.
A non binding agreement for efforts towards reducing the global temperature by two degrees Celsius. A $30 billion loan over the next three years to developing countries for mitigating the effects of climate change, and a proposal to grow the kitty to $100 billion by 2020? or 2050?
Naah! the talk's a failure according to me. It was just a conference to convene another conference in November next year to be held at Mexico. The merry go round continues... Better they come out with an alternative before Kyoto expires(in 2012 actually).
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