Thanks!
China Urges Real Deal on Climate
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Well I saw a video 2 or 3 past the one that will show up....damn screwed up website....
Let's try this:
Copenhagen meeting could turn green shares golden
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Dec. 2, 2009, 11:46 p.m. EST
"We anticipate a rally in share prices of renewable energy and cleaner-utility stocks, sparked by cooperation and commitments in principle by member countries" at the upcoming climate meeting, they said.
The meeting to address global warming and emissions reductions will be held Dec. 7-18 in the Danish capital, and will be attended by leaders including U.S. President Barack Obama and Chinese Premier Wen Jiabao.
Daniel Henninger discusses how climategate is undermining the objectivity of science.
Initially, the meeting aimed to set a new global agreement on climate change to update the 1997 Kyoto Protocol, which is due to expire in 2012. But last month, the goal of a new comprehensive pact was postponed, and leaders now hope merely to reach a less specific "politically binding" agreement.
Last week, China set its first targets designed to slow carbon-dioxide emissions by the end of the next decade. The State Council, China's Cabinet, said the nation is planning by the end of 2020 to cut carbon emissions per unit of gross domestic product by between 40% and 45% of their 2005 levels.
China will also put major efforts into developing renewable and nuclear energies, with the goal that about 15% of the nation's total power consumption will come from these sources by the target date. See full story on Beijing's new emission-reduction goals.
"China's targets may not be high enough to satisfy European and U.S. negotiators who indicated that anything below 50% would be less ambitious than present efforts to improve energy efficiency," said the Macquarie report, which was co-written by analysts Nicholas Teo, Shai Hill, Adam Worthington, Carol Cao, Kelly Dougherty and Michael Carmody.