ANALYSIS-Business needed to crack climate stalemate

Sun Dec 12, 2010 10:00pm GMT
 

* Focus shifting to G20 as new business forum

* U.N. to remain central in global climate policy

* Business, U.N. negotiators must convene directly

By Gerard Wynn

CANCUN, Mexico, Dec 12 (Reuters) - Evidence of green business profits and more direct industry engagement may be needed to push U.N. climate talks out of stale rich-poor rivalries to a global agreement.

Negotiations like the just-finished 190-nation U.N. climate talks in the Mexican resort of Cancun do not give businesses or investors a formal role, consigning them instead to hold side events in hotels far from the conference centre.

More business engagement was the key to unlocking real progress, said Yvo de Boer, who stood down as the U.N.'s climate chief earlier this year saying it was a missing pillar.

Clean technology profits could illustrate the opportunities from a global climate deal, and convince negotiators from China and the United States, the world's top two emitters, to cooperate.   Continued...

Market Update

  • Africa
  • US
  • Europe
  • Asia
UK £ USD =1.6197
Euro USD =1.2594
Rand USD =0.0883