Word: pact
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...revenues could pump up to $30 billion a year into the developing world, promising much-needed revenue at a time when rich nations still haggle over how much money to give poorer countries to help them adapt to climate change. REDD will likely be part of any global climate pact negotiated in Copenhagen. "Everyone has got a lot of hope in REDD," says Joe Heffernan, an expert in environmental markets...
...Already that political will seems to be faltering. A legally binding pact will be impossible to achieve at the climate-change summit in Copenhagen, said U.S. President Barack Obama and other world leaders at the just-concluded APEC meeting in Singapore. Back in the U.S. - cumulatively still the world's biggest polluter - a bill to cut, by 2020, emissions to 20% below 2005 levels faces a bruising and uncertain journey through the Senate. Washington and Copenhagen: whatever happens in the rain forests, it is in these two distinctly nontropical cities that the fate of our remaining rain forests...
World leaders signaled they would not seek a legally binding agreement on greenhouse-gas emissions at next month's climate talks in Copenhagen, confirming mounting doubts that the conference would yield a landmark pact. Instead, a coalition including U.S. President Barack Obama and Chinese President Hu Jintao announced at the Asia-Pacific Economic Cooperation summit that it will aim to build political consensus, paving the way for concrete steps. The biggest challenge will be aligning the interests of developing and industrialized nations: the U.S., among others, argues that because emerging powers like China and India are among the largest emitters...
...They also accuse India of using Afghanistan as a base from which to wage a proxy war on Pakistan. Its priorities make the Pakistan army unlikely to turn its fire on the Haqqani and Hafiz Gul Bahadur networks, as Obama is demanding. Instead, the army has revived a nonaggression pact with Bahadur and with Maulvi Nazir - both of which use Pakistani soil as a base from which to wage war on NATO forces in Afghanistan. Pakistan's priority is simply to get them to agree to stay neutral or join in the fight between the army and the Pakistan Taliban...
...terms of definitive progress, the Obama Administration will end the year having made little more headway than its predecessor: there will be no international climate pact this year, and the deadline for a nuclear-arms deal with Russia will slip into 2010. China offered no concessions on key issues like trade imbalances and human rights. (In fact, its authoritarian government prepped for Obama's arrival by detaining still more dissidents.) Elsewhere in the world, North Korea remains defiant, and Israel - spurning Obama's requests - has announced further settlement expansion. (See pictures of life in the settlements...