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Old 01-25-2010, 02:22 PM  
talastan talastan is offline
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China and India won't sign Copenhagen accord.

Big shock here.... Yet according to the world we are the ones who don't act enough.

http://beta.thehindu.com/news/nation...?homepage=true

India, China won't sign Copenhagen Accord

The Indian and Chinese governments have had a rethink on signing the Copenhagen Accord, officials said on Saturday, and the UN has also indefinitely postponed its Jan 31 deadline for countries to accede to the document.

An Indian official said that though the government had been thinking of signing the accord because it “did not have any legal teeth and would be good diplomatically”; it felt irked because of repeated messages from both UN officials and developed countries to accede to it.

Prime Minister Manmohan Singh has written to UN Secretary General Ban Ki-moon seeking a number of clarifications on the implications of the accord that India -- with five other countries -- had negotiated in the last moments of the Copenhagen climate summit in December, the officials said, speaking on condition of anonymity.

“That letter, and the defeat of the Democrats in the Massachusetts bypoll, has forced the UN to postpone the deadline indefinitely,” an official said. “With the Democrats losing in one of their strongholds, the chances of the climate bill going through the US senate have receded dramatically.

“So if the US is not going to reduce its greenhouse gas emissions by 17 percent, which was a very weak target anyway, why should we make any commitment even if it does not have any legal teeth?” the official said.

China also appears in no mood to sign the accord.

“With the deadline postponed, we are not going to sign now,” said a Chinese official now here to take part in the BASIC (Brazil, South Africa, India, China) meeting to chalk out a climate strategy.

The meeting of the four environment ministers Sunday is likely to end with the announcement of a fund they will set up to help other developing countries cope with the effects of climate change, said an official of the environment ministry.

Only four countries -- Australia, Canada, Papua New Guinea and the Maldives -- have signed the Copenhagen Accord so far, though Brazil, South Africa and South Korea have also indicated their willingness to do so.

Though Australia and Canada have signed, they have not indicated the greenhouse gas emission reductions they are committing under the accord -- something developed countries are supposed to do.
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Old 01-25-2010, 02:25 PM   #2
Chiefshrink Chiefshrink is offline
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Of course they won't sign it. They are seeing the positive effects of "true capitalism" and they are smart enough not to slit their own economic throats.
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Old 01-25-2010, 02:38 PM   #3
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Originally Posted by sportsshrink View Post
Of course they won't sign it. They are seeing the positive effects of "true capitalism" and they are smart enough not to slit their own economic throats.
If you had any inkling of what the Chinese economy was like you wouldn't even attempt to suggest that it's "true" capitalism.
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Old 01-25-2010, 03:00 PM   #4
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Of course they won't sign it. They are seeing the positive effects of "true capitalism" and they are smart enough not to slit their own economic throats.
Soon they will raise corporate taxes, impose a bunch of new rules, and raise the cost of all inputs in an attempt to stimulate their economy. Just watch. This is working so well everyone will copy the Obamanomics model.
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Old 01-25-2010, 03:50 PM   #5
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Old 01-25-2010, 03:54 PM   #6
talastan talastan is offline
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Quote:
Originally Posted by HonestChieffan View Post
Soon they will raise corporate taxes, impose a bunch of new rules, and raise the cost of all inputs in an attempt to stimulate their economy. Just watch. This is working so well everyone will copy the Obamanomics model.
Hopefully about the time we abandon Obamanomics. Then we'll be the leading economy again!
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