The world's top 20 polluting nations are meeting in Mexico for (yet) more discussions on climate change. One of the key aims will be to create a road map to a low carbon future that both developed and developing nations can partake in. It is felt that the US will only be actively involved if the developing nations are also given emissions commitments of some kind. Equally, the developing nations are only likely to agree to such commitments if the developed nations are seen to lead by example. The joys of international environmental negotiations. Expect plenty of hot air and no meaningful agreement at the end of it all.
Of perhaps most interest is the long awaited report by former World Bank Chief Economist Sir Nicholas Stern outlining the economic costs of climate change. This report will be released next week and you can expect some commentary on his findings on this blog.