The Copenhagen Climate Conference 2009, is likely to conclude on a strict regulatory regime on emissions for developed countries rather than for the developing countries, nobel laureate R K Pachauri said here today.It's long been clear that the effect of climate change regulation will be a massive transfer of wealth from the developed to the developing world. For many warming zealots, I suspect that's the intent as well.
"The negotiations are going on for the conference of parties at the Copenhagen where we will have a multilateral worldwide agreement, let's see what the implications of that would be," Pachauri, who is Chairman of UN's Inter-governmental Panel on Climate Change (IPCC), said on the sidelines of fifth convocation of DAIICT.
"Of course, the developing countries will be exempted from any such restrictions but the developed countries will certainly have to cut down on emission," Pachauri said, adding, "some strict regulations are going to be there."
For his part, China's Premier, Wen Jiabao, "lowered expectations" that he would commit to any carbon cap:
"It's difficult for China to take quantified emission reduction quotas at the Copenhagen conference, because this country is still at an early stage of development," he said in an interview with the Financial Times. "Europe started its industrialisation several hundred years ago, but for China, it has only been dozens of years."(via CCNet, email only)