Difference between revisions of "Stalemate"
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=2007 - 2010= | =2007 - 2010= | ||
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The fears of a double dip economic recession have come to reality. The US fed and European bank struggle to jump start the collapsing economic activity. Markets fear a default by Spain and Italy in near future, causing worries within the EU. Due to the economic uncertainties of the west and a dwindling consumption in the globe, IMF reduces the projected GDP growth of China and India in 2010.<br> | |||
The 192 participating nations come together at the Cancun COP16 to negotiate climate change reductions with their own specific agenda. While as the under-developed want more money, the developing and the developed nations want a quick economic recovery and subsequent growth. OPEC block intensifies lobbying and funding to avoid an accord in the COP 16 meet. The Chinese premier again snubs the other heads of nations and misses the negotiations. | The 192 participating nations come together at the Cancun COP16 to negotiate climate change reductions with their own specific agenda. While as the under-developed want more money, the developing and the developed nations want a quick economic recovery and subsequent growth. OPEC block intensifies lobbying and funding to avoid an accord in the COP 16 meet. The Chinese premier again snubs the other heads of nations and misses the negotiations. <br> | ||
The careful speech made the US president Barak Obama indicates the huge pressure of the industrial lobby in US and US scepticism over taking up any emission reductions. Putting the blame of current state of climate; India, Brazil, South Africa take sides with China and maintain their demand of massive reduction commitment from US and EU. With current state of economy and no commitment from US, EU sees a drastic decrease in support from European nationals to take emission reductions. With their own financial woes, Europeans no longer wish to suffer economically by taking emission reduction commitments. | The careful speech made the US president Barak Obama indicates the huge pressure of the industrial lobby in US and US scepticism over taking up any emission reductions. Putting the blame of current state of climate; India, Brazil, South Africa take sides with China and maintain their demand of massive reduction commitment from US and EU. With current state of economy and no commitment from US, EU sees a drastic decrease in support from European nationals to take emission reductions. With their own financial woes, Europeans no longer wish to suffer economically by taking emission reduction commitments.<br> | ||
The fires of Russia and flood in Pakistan are history. Lack of public interest on climate change and heightened focus on economic well being reduces the pressure on the negotiators to end with a strong accord. After 11 days of relentless fighting, the voice of the island nations remains unheard and their fears grow as no clear outcome appears to be emerging from the Cancun summit. An agreement is noted to indicating a postponement of any concrete action plan to the COP 17 in South Africa. | The fires of Russia and flood in Pakistan are history. Lack of public interest on climate change and heightened focus on economic well being reduces the pressure on the negotiators to end with a strong accord. After 11 days of relentless fighting, the voice of the island nations remains unheard and their fears grow as no clear outcome appears to be emerging from the Cancun summit. An agreement is noted to indicating a postponement of any concrete action plan to the COP 17 in South Africa. | ||
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