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Word: deal (lookup in dictionary) (lookup stats)
Dates: during 2000-2009
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...might have seemed safe to assume that the drama of the U.N. Climate Change summit in Copenhagen had finally ended when President Barack Obama emerged from a last-minute bargaining session with leaders of major developing nations to announce a deal. Obama quickly left town, aides saying Air Force One had to rush to beat the major snowstorm bearing down on Washington. Having agreed terms with the leaders of the U.S., China, India, Brazil and South Africa - the major carbon emitters of today and, even more importantly, of tomorrow - the President would have seemed to have brought two weeks...

Author: /time Magazine | Title: Obama's Climate Compromise Leaves a Bitter Aftertaste | 12/20/2009 | See Source »

...Because the U.N. body that oversees the climate negotiations works by consensus, every country present had an opportunity to voice their disproval of the proposed deal. And many took full advantage of that opportunity. The summit's final negotiating session dragged on for more than 30 straight hours, concluding on Saturday afternoon with the parties agreeing simply to "take note" of what had become known as the Copenhagen Accord. Although the refusal of several nations to endorse the deal meant it fell short of formal approval, according to the U.N. the outcome was enough for aspects of the agreement...

Author: /time Magazine | Title: Obama's Climate Compromise Leaves a Bitter Aftertaste | 12/20/2009 | See Source »

...deal appeared to be in doubt for much of Friday morning, after a small group of countries including Cuba, Sudan, Bolivia and Venezuela worked to block the accord. They complained that the deal brokered by Obama and his interlocutors lacked specific emission-reduction targets, and only included a vague pledge to attempt to keep global warming from rising above the upper safe limit of 2 degrees celsius. The dissenters also attacked the climate finance for poor countries promised in the deal - around $30 billion for the period to 2012, and $100 billion annually by 2020 - as far short...

Author: /time Magazine | Title: Obama's Climate Compromise Leaves a Bitter Aftertaste | 12/20/2009 | See Source »

...would destroy Africa, and compared the agreement to the Holocaust - perhaps not the smartest metaphor that could have been used by a representative of a government accused by some of conducting genocide. That statement set off a free-for-all, but eventually, even the parties most critical of the deal begged for consensus. "Papua New Guinea supports this document, even though it is flawed," said delegate Kevin Conrad. (See the top 10 green ideas...

Author: /time Magazine | Title: Obama's Climate Compromise Leaves a Bitter Aftertaste | 12/20/2009 | See Source »

...compromises involved in getting even a deal that delegates could only agree to "take note of" may have stripped it of much of its operational significance. The accord contains no deadline to draft a legally binding treaty, no emissions-cut requirements, and only the vaguest reference to helping countries cut back on deforestation - a goal that many had hoped might be one of the few concrete achievements from Copenhagen. The Europeans, still the only bloc of nations with truly binding carbon caps, were unhappy, hoping for a far stronger agreement. "There is light and there is shadow," said German Chancellor...

Author: /time Magazine | Title: Obama's Climate Compromise Leaves a Bitter Aftertaste | 12/20/2009 | See Source »

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