Copenhagen cannot deliver a final agreement on climate change

Posted December 4th, 2009 by Datamonitor
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4 December 2009 | Published by Datamonitor

The Copenhagen conference will largely fail to provide developing nations with the finance and technology to stop climate change in its potentially devastating tracks, independent market analyst Datamonitor has predicted. A Datamonitor white paper* published on the eve of the critical UN summit warns that attempts to reach a credible deal on the transfer of low-carbon technologies from richer to developing countries may well be thwarted by “zero-sum mindsets” suspicious of burden sharing. Indeed, the whole issue of technology transfer is in danger of being reduced to a footnote at Copenhagen as political leaders grapple to reach a broader, headline-grabbing deal on emission reductions. Fierce Western opposition and time pressures mean the billion-dollar question of who will bankroll the transition to clean renewable energy is likely to go unresolved. Datamonitor energy analysts, who will be tracking developments during the two-week conference via a dedicated website –www.datamonitor.com/cop15– have delivered an austere assessment of Europe’s “failed” environmental policy and claim Copenhagen must revive the EU promise of a strong market-based solution to climate change.

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Notes to editors
Notes & References

* The white paper is available to download free of charge at www.datamonitor.com/cop15 which also offers additional analysis, a key fact pack and technologies assessment. The site will be updated throughout the conference with daily insights and snapshots.** The EU’s commitment to reducing its overall emissions by at least 20% by 2020 is based on below 1990 levels.

Related Research

Datamonitor's white paper, ‘Copenhagen Climate Change Conference – current situation and likely outcome’, examines the prospects of a meaningful framework to tackle climate change at the UN summit.

Further Information

Alex Desbarres, senior renewables analyst at Datamonitor and report author, is available for comment.

More information is available from the Datamonitor Group Media Team. Please contact Michael Youds on +44 (0)161 238 4081 ormyouds@datamonitor.com.

For US, please contact Branton Morataya on +1 312 416 3854.
For Asia-Pacific, please contact Denis Mason on +61 2 8705 6903.

About Datamonitor

Datamonitor is a leading provider of online database and analysis services for key industry sectors. We help our clients, 5000 of the world's leading companies, to address complex strategic issues. Through our proprietary databases and wealth of expertise, we provide clients with unbiased expert analysis and in-depth forecasts for seven industry sectors: Automotive, Consumer Markets, Energy, Financial Services, Pharmaceuticals and Healthcare, Technology, Transport and Logistics.

News Source : Copenhagen cannot deliver a final agreement on climate change
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