Financial Soultions can quote the Nobel Committee as stating “Thanks to Obama's initiative, the USA is now playing a more constructive role in meeting the great climatic challenges the world is confronting,”
It comes as somewhat of a surprise then, that many of the globes top news carriers have in the last 24 hours reported that it is highly unlikely that the U.S. will have passed any form of climate change bill with in the next 44 days before Copenhagen, and many diplomats saying that after the stance taken by the U.S representatives at the recent Bangkok round of climate talks, there is little or no hope of any form of fixed climate treaty emerging at the December negotiations.
With less than five negotiating days remaining in Barcelona, those observing the proceedings closely, feel that there are so many important issues unresolved that a completed treaty is now impossible by December, Financial Soultions has learned.
The head of the American delegation, said the US would have liked a deal in Copenhagen but stated ''it would be extremely difficult for the US to commit to specific numbers in the absence of legislation from Congress''.
The U.S. lack of commitment to the Kyoto protocol saw the globes other two heaviest polluters, Indian and China decline as signatories too.
U.S negotiators are now pushing to have the Copenhagen discussions declared as run-ups to a more final treaty conference in mid to late 2010.
