Bali Wrapup

BALI WRAPUP….Since I vented last night about the absurd “compromise” reached at the Bali climate change conference on Friday, it’s only fair to give equal time to a more considered opinion now that the negotiations are over and the final document looks a little better than it did at this time yesterday. Given the Bush administration’s participation, says John Quiggin, firm CO2 targets were just never in the cards:

But on just about every other score, the outcome has been better than anyone could reasonably have expected, including:

  • Agreement in principle on a 2050 target of halving emissions

  • Agreement to negotiate a binding deal in 2009, when Bush will be gone, and short-term targets back on the table

  • Agreement to provide assistance to developing countries for both mitigation and adaptation

  • Agreement by China to pursue emissions-cutting actions that are measurable, reportable and verifiable.

Other winners from Bali: Al Gore and new Australian prime minister Kevin Rudd. And the losers? “They know who they are.”