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Climate Talks in Copenhagen Fails Despite Success

President Barack Obama brokered a seemingly successful deal during the Copenhagen Climate Change Conference with those opposing any agreement. Most of the developed countries sees this as a success however, majority of poor and developing countries as well as environmental groups sees it as a total failure.

The most frustrating part and reality of the document they say is its non-binding nature, meaning those who signed it can not be forced to make good of their commitments.

The final result of the talks was a three=-page document which promises US$40 Billion in emergency aid over the next three years and a goal of channelling US$100 Billion a year by 2020 to developing countries but without any guarantee. It also includes a method for verfying reductions of heat-trapping gases although non actual emission cut was agreed.

The agreement includes the United States, China, India, South Africa and Brazil. In addition this agreement requires industrial countries to list their individual targets and developing countries to list the actions they will take to cut global warming pollution by specific amounts.

Many developing and poor countries lambast what happened for being undemocratic as echoed by Venezuelan President Hugo Chavez.

Oxfam Internation and Green Peace says that this talks' results is way beyond what should had been done and agreed upon.

Other key features of the document includes:

  • Nations should aim at a 2 degrees C limit to global warming by reducing emissions 50 per cent by 2050;
  • a global emission peaking year (without specifying the year);
  • a payment of $130 billion (Rs 6.1 trillion) by the developed world to the developing to mitigate the impact of climate change and adopt new technologies to counter it, by 2020; and
  • the resolution of differences on the Kyoto Protocol and the long-term cooperative action by 2010 in Mexico.
  • “Penalties or fines for non-compliance,” in developed countries
  • creation of an international police force to “enforce its will by imposing unlimited financial penalties on any countries whose performance under this treaty they don’t like,”

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