But isn’t that what they call a stalemate? Wi
th the world’s largest economy and the two most formidable developing economies refusing to budge, the cause of reversing the damage looks doomed from the very outset. The Kyoto Protocol is going to expire in 2012, and world leaders are groping for an effective post-quota regime, which could gain consensus, in particular, for these countries. In the upcoming G-8 summit starting June 6 in the Baltic resort of Heiligendamm, global warming is going to be one of the flashpoints, as other industrialised nations would try to make the US blink. German Chancellor Angela Merkel, who will host the meet, has been quite reticent publicly about the prospects, “I don’t know if we will succeed in that at Heiligendamm. But for me, it is clear that the big developed nations must take the lead on this issue if we are to have a chance...” A recently released Oxfam report projects that developing countries would require around $50 billion every year to combat global warming.
For Complete IIPM Article, Click on IIPM Article
th the world’s largest economy and the two most formidable developing economies refusing to budge, the cause of reversing the damage looks doomed from the very outset. The Kyoto Protocol is going to expire in 2012, and world leaders are groping for an effective post-quota regime, which could gain consensus, in particular, for these countries. In the upcoming G-8 summit starting June 6 in the Baltic resort of Heiligendamm, global warming is going to be one of the flashpoints, as other industrialised nations would try to make the US blink. German Chancellor Angela Merkel, who will host the meet, has been quite reticent publicly about the prospects, “I don’t know if we will succeed in that at Heiligendamm. But for me, it is clear that the big developed nations must take the lead on this issue if we are to have a chance...” A recently released Oxfam report projects that developing countries would require around $50 billion every year to combat global warming.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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