As the Copenhagen conference progresses, I thought it might be worthwhile to take a brief look what’s the various different countries have offered, and reasons why there is some room for optimism about a decent deal being done…
1. The US seems prepared to act, if necessary by bypassing Congress and the Senate. The formal declaration by the US EPA that CO2 (along with other greenhouse gases) is an ‘endangering pollutant‘ means that the EPA can now use it’s powers under the existing Clean Air Act to regulate CO2 as failure to act would “threaten the public health and welfare of the American people”. It appears that if the Senate doesn’t pass the legislation currently before it the EPA will simply regulate greenhouse gases under existing laws instead. The current proposed cut from the US is approximately 17% by 2020 on 2005 levels. Although not ideal, this proposed cut is a dramatic improvement on earlier obstructionism from the US. Continue reading

