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...ended 2009 with a 74-day supply of the Civic and a 68-day supply of the Accord. And indeed, both models were strong performers in January, in what was otherwise a subpar month. So the automaker not only gets an opportunity to reap a windfall in sales; it also can liquidate excess inventory without adjusting production levels or resorting to incentives. Supplies of its Pilot SUV and Odyssey minivan are about normal, and only its popular CRV crossover is in short supply...
Despite some wavering, key developing nations including China and India pledged their support for the deal, known as the Copenhagen Accord, by the deadline, reiterating their domestic plans to curb the growth of carbon emissions by improving energy efficiency. Europe, reliably, came on board with a promise to cut carbon emissions 20% below 1990 levels by 2020. And the U.S. confirmed its Copenhagen pledge to reduce its own emissions 17% below 2005 levels...
Taken at face value, the accord pledges demonstrate an international will to act on global warming and energy, even in the absence of a true international treaty. "All the major economies are off and running," says Keya Chatterjee, acting director of the U.S. World Wildlife Fund's climate-change program. (See the World Future Energy Summit...
...full agreement the world needs to address the collective climate challenge," UNFCCC executive secretary Yvo de Boer told reporters on Jan. 20. "The window of opportunity to come to grips with the issue is closing at the same rate as before." At a minimum, the response to the Copenhagen Accord showed that the most powerful nations in the world want to do something about climate change. It's just not clear they want to do it together...
...rumbling of Chinese competition has been growing steadily louder this month. According to the Bangkok Post, for example, China's consumer appliance giant Haier is planning to take advantage of the FTA by investing $9 million more into its factories in Thailand to churn out more fridges, washing machines and air conditioners. Indonesia is so jittery by the prospect of such moves that the country's Trade Minister, Mari Pangestu, has notified the secretariat of ASEAN (Association of Southeast Asian Nations) that Jakarta wants to delay the inclusion of hundreds of domestically produced items like textiles, food products and electronics...