Do More With Reuters
Partner Services

U.S. climate envoy takes aim at developing nations

Wed Nov 4, 2009 10:50pm IST
 
Email | Print | | Single Page
[-] Text [+]

* Stern says developing countries' inaction "not helpful"

* Progress "too slow" on UN climate negotiating track

* Republicans continue boycott of Senate climate hearing

By Deborah Zabarenko and Richard Cowan

WASHINGTON, Nov 4 (Reuters) - The top U.S. diplomat on climate change took aim at developing countries on Wednesday, saying their inaction was not helping shape a global agreement to be considered in Copenhagen in December.

"The sooner we get past the pattern of resisting responsible action and the sooner we get into the pattern of searching for pragmatic common ground, the better off we will be," Todd Stern told a hearing of the U.S. House of Representatives Foreign Affairs Committee on Wednesday.

In uncharacteristically blunt language, Stern said progress on the formal U.N. climate negotiating track has been too slow, with just 32 days before the start of the international climate conference in Copenhagen.

Asked whether the United States would be able to sign on to a global agreement in Copenhagen, Stern said, "I think we have a fair distance yet to go but I actually think there is a deal to be done."

He told the committee that some developing countries are "hiding behind a misreading" of language in two key climate documents, the 1992 U.N. Framework Convention on Climate Change and the 2007 Bali Action Plan, which recognize different responsibilities and capabilities for rich and poor countries.  Continued...

Dubai Debt Fears

Villas are seen on the The Palm, Jumeirah, with Atlantis, The Palm, under construction on the breakwater (crescent), May 3, 2008.  REUTERS/Jumana El Heloueh

Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets.  Full Article | Slideshow 

India Investment Summit 2009
India Investment Summit 2009

Top executives and bankers discuss their own plans and the broader opportunities and challenges for India.  Full Coverage 

People stroll outside the Taj Mahal hotel ahead of the first anniversary of the militant attacks in Mumbai, November 24, 2009.  REUTERS/Punit Paranjpe
Investors worry about another attack

The risk of militants striking again worries investors who fear that a second attack similar to last year's Mumbai raids could shake the economy.  Full Article | Full Coverage 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

road to Copenhagen

BLOGS

Photo
Calculated Move

Reliance aims big with $12 bln bid for LyondellBasell.  Blog 

SHOWCASE

Capital Raising
Capital Raising

Analysis - China banks' rush for billions could trip markets.  Full Article 

 
Photo
Bonus Payout

"Bonus" has become a dirty word on Wall Street.  Full Article 

 
Bubble trouble?
Bubble trouble?

With the BSE Sensex at around 17,000 points, are the Indian equity markets looking at a possible bubble?   Commentary 

 
Funding Blues
Funding Blues

A popular tactic used by Indian brokerages to raise money for rich clients is likely to be banned.  Full Article 

 
Recovery Path
Recovery Path

Indian techie logging out of downturn gloom.  Full Article 

 
Central Banks Cautious
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.   Full Coverage 

 
Risky Proposal
Risky Proposal

Rupert Murdoch courts trouble if he blocks Google on news.  Full Article