What Copenhagen Delay Means For Business
Published: 16 November 2009
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3 pages
Executive Summary
On November 15, 2009 US President Barack Obama put the final nail in the coffin of the UN climate change negotiations to take place in Copenhagen in December. There will be no Copenhagen Protocol to succeed the Kyoto Protocol which terminates on December 31, 2012. A legally-binding treaty will likely be agreed at the Mexico City summit in December 2010, rather than the more proximate UN conference in Bonn, Germany in June 2010. The climate treaty delay means more uncertainty — and misery — for global carbon markets. But domestic climate change and energy policies will override the global hiccup. Business must resist the temptation to postpone climate change strategies — whether in favour of more regulation or trenchantly opposed.
TABLE OF CONTENTS
COPENHAGEN NEGOTIATIONS WILL NOT DELIVER NEW TREATY
Climate Treaty Delay Means More Uncertainty For Global Carbon Markets
Domestic Climate Change Policies Will Override Global Hiccup
Business Must Resist The Temptation To Delay Climate Change Plans
Companies Mentioned
Agrinergy, Alaska Frontier Constructors, BarCap, Camco, City of Palo Alto, Climate Change Capital, DNV, Econcern, EcoSecurities, EDF Trading, Energy Citizens, First Climate, Illinois Coal Association, JP Morgan, Michigan Trucking Association, OneCarbon, Orange, Orbeo, RGGI, SGS, Shell Trading, Siemens, Sindicatum, Temsco Helicopters, TFS, Tricorona, WCI.