Monday March 15 , 2010

Post COP15

The GREEN MARKET Blog

Short URL for this article: http://is.gd/8ZWYF

The US Senate's inability to pass climate change legislation before international negotiations begin at COP15 does not constitute failure.

It would have been preferable to have achieved a final international agreement on climate change as soon as possible, but as we now know, this is unlikely to happen by December.

The passage of climate change legislation in the cornerstone of an international climate change deal. Although the absence of a binding deal is profoundly disappointing, the Obama administration has demonstrated its commitment to reducing emissions.

COP15 can still see the adoption of the basic architecture for a binding global treaty. The Kyoto Accord required ongoing multilateral and bilateral negotiations after the sixth UNFCCC meeting. The process will be extended, as it was in July of 2001 prior to the signing of the Kyoto protocol.

We will have an international agreement because the logic driving global cooperation to mitigate and adapt to climate change is irrefutable. Whether in December of 2009 or some time in 2010, the goal is to agree on a binding deal that commits all nations to greenhouse gas reductions.

COP15 is part of a process for structuring an international climate change agreement. The meeting in Copenhagen is the fifteenth meeting on Climate Change but it is not the last.

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The Green Market champions the cause of sustainable business. The Green Market provides resources for people seeking to help Green to grow and information for people seeking to invest in the rising tide of ecological interest. Original articles address subjects like energy, economics, politics, ethics, marketing and the stock market.

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