Word: summits
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...such problems. Having led the National Party to an emphatic triumph in New Zealand's Nov. 8 general election, ending nine years of Labour rule under Helen Clark, the former currency trader was pressing for a quick handover so he could attend the Asia Pacific Economic Cooperation leaders' summit in Peru from Nov. 22. The day after Key's National-led government was sworn in, he flew out for APEC, after which he'll head to London for talks with British counterpart Gordon Brown. Before leaving, Key spoke about his first few days in charge and the challenges facing...
...ground running. Well, time in opposition focuses the mind. Also, the international financial crisis is weighing not only on New Zealanders' minds but on the mind of every leader who's been calling me. It would have been unacceptable for New Zealand not to be represented at the APEC summit...
...What needs to emerge from the summit in terms of a coordinated response to the crisis? I think we'll need to show some leadership. The wildcard factor in this economic slowdown is that no one's quite sure how Asia will come through. If it comes through better than people think, then the global slowdown will last for a shorter period than many expect. But there's a lot resting on China, its rescue package and generally on how resistant Asia turns...
Obama's support could further jolt some life into next month's annual U.N. summit on climate change in Poznan, Poland. The summit is a victim of awkward timing - Obama has been elected, but representatives from President George W. Bush's Administration will still be in charge - thus the real focus will be on next year's summit, in Copenhagen, when Obama will hold the reins and the world will face its self-imposed deadline to pass a new Kyoto Protocol. Green activists hope that Obama's plans for a national carbon cap will help break the logjam that...
Although Governor Schwarzenegger's summit was overwhelmed by Obama's wattage, other good news emerged. Representatives from Indonesia - the third biggest carbon emitter in the world, thanks chiefly to massive deforestation - announced that the country would accept "avoided deforestation" projects with partners in the U.S. These projects allow companies in developed countries to pay to preserve forests in rain-forest nations in exchange for the carbon credits contained within the saved trees. Indonesia has long been wary of the method, fearing that it would lose sovereignty over its sprawling forests, but the Nov. 18 announcement is a hopeful sign that...