Deadlock fears stalk Copenhagen process - 06 Feb 2009 - BusinessGreen

Concern is mounting that negotiations to agree a successor to the Kyoto deal are in danger of stalling after UN secretary general Ban Ki-moon this week warned that large developing economies such as China and India were not doing enough to curb carbon emissions.

Europe wants emission caps for India, China - Home - livemint.com

Cambridge / New Delhi: The European Commission (EC) has upped the ante on climate change negotiations and demanded that developing countries such as India and China be prescribed mandatory emission targets and, at the same time, be removed from the global carbon credits market.
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Further, EC has argued that “advanced developing nations” should be gradually removed from the purview of the so-called clean development mechanism (CDM), wherein developed countries buy carbon credits that are awarded to energy-efficient projects and companies in developing countries.
This means that CDM, which has been successful in China and India in reducing emissions, may soon cease to exist. India has the second largest share of global carbon credits after China. Instead, EC has proposed that industries in India and China be set an annual emission cap and companies that overshoot the target be forced to buy carbon credits from the market.

THE ECONOMIC SCIENCE FICTION OF CLIMATE CHANGE: A FREE MARKET PERSPECTIVE ON THE STERN REVIEW AND THE IPCC

My purpose in this paper has been to challenge, from a freemarket perspective, the claims made by the Stern Review and the IPCC that anthropogenic climate change is a serious global threat and demands an urgent policy response. Stern’s estimates of the costs of climate change are the product of an unstable mixture of sound economic modelling and guesswork. I have argued that the IPCC is not the competitive arena of scientific debate but a monopoly producer of a highly politicised science and its conclusions do not merit Stern’s unquestioning adherence.

[Via Benny Peiser]