The United Nations Framework on Climate Change will resume meetings after the failure of the Copenhagen Conference. The two major issues, besides the financial instruments, are the need to conclude a legally binding agreement and to agree transparent rules to assess compliance.
Although a large majority of commentators consider the Copenhagen Climate Change Conference to have been a failure, certain influential voices have stressed the value of the Conference’s agreements. Lord Stern, professor at the London School of Economics and author of a key report on the economic and social assessment of climate change, has affirmed that “this process has itself been a key part of countries stating what their intentions on emissions reductions are – countries that had not stated them before, including China and the US”.
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