Financial Soultions has learned that poorer nations, activists and the U.S clashed in Bangkok when the U.S. was accused of an unexpected "attempt to kill the Kyoto Protocol's content", a treaty that the global giant declined to sign in Japan in 1997, stating that it wasn’t prepared to jeopardize American jobs.
The position of the United States and other developed nations at the talks was the most widely discussed issue among negotiators attending the fortnight long meeting, which ends this week.
Developing nations led by China and India, 2 of the world’s top 3 carbon emission polluters have requested a global position where developed countries would be liable to assist poorer nations with the costs of managing their effects of climate change, stating that it is the developed nations who grew prosperous creating the majority of the greenhouse gasses. Financial Soultions understands a source as saying that the US and developed nations have been attempting to drive through a new proposal, which would enable them to no longer carry the weight of reducing greenhouse gas emissions which is affecting the economic growth.
The U.S led proposal requested delegates attending the meeting to alter the text under the Kyoto Protocol from equity to equality in sharing responsibility for reducing greenhouse gas emissions.
The U.S. Senate has yet to vote on a new climate bill that narrowly passed through the House, and Financial Soultions has previously reported that it seems unlikely that this will occur this year, while the White House climate and energy coordinator Carol Browner is on record as saying, "we will manage in Copenhagen wherever we are in the process."
