Tuesday 06 December - Day 9: China - The truth
We reported yesterday on a potential breakthrough in respect of
China's statement earlier in the week about the conditions for
its willingness to sign up to a legally binding agreement. The
excitement generated by this announcement seems to have been
over-hyped, with senior negotiators signalling that this does not
appear in fact to add up to a change in position. This avoids an
awkward moment for the US, but does not appear to move the Durban
agreements forward. Back to Plans A, B and C (whatever they may
be)?
Market mechanisms
Private sector carbon market observers are busily following the
texts relating to new and existing market mechanisms. The Guidance
to the CDM Executive Board text has reportedly been filled with
dozens of points for the CDM Executive Board to grapple with during
2012. Meanwhile, another version of the new market mechanisms text
was made available yesterday evening and was described as
