Tuesday, October 26, 2010

[pima.nius] Pessimistic outlook on climate deal no deterrent

11:36 AM |

Pessimistic outlook on climate deal no deterrent

Updated October 26, 2010 09:07:40


Gloom continues to hang over negotiations for a new and binding global agreement on cutting greenhouse gas emissions.

Recent talksbetween the climate envoys from Washington and Beijing reinforced the pessimism, by failing to achieve a breakthrough ahead of the next UN climate summit in Mexico next month.

But despite the absence of an international deal, countries are taking action anyway and a new Australian study says that despite different formulations, they're all pledging to do a similar amount.

The finding puts pressure on Australia to raise it's emissions reduction ambitions at a time when Australian business is raising the pressure for the government to adopt a carbon tax.

Canberra correspondent Linda Mottram reports.

Presenter: Linda Mottram.
Speakers: Nathan Fabian, Chief Executive, Investor Group on Climate Change; Dr Frank Jotzo, director, Australian National University Centre for Climate Economics and Policy.

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