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Edition: U.S. Article Save Email Print Reprints Most Popular Most Shared Sarah Palin in the belly of the beast: Washington 1:07am EST Sunshine, sewage to power cities of the future 30 Nov 2009 UPDATE 2-Kuwait sells Citi stake, makes $1.1 bln 9:42am EST The FBI agent inside the Galleon case 04 Dec 2009 Apple acquires music service Lala 05 Dec 2009 Sunshine, sewage to power cities of the future 30 Nov 2009 U.S. hospitals turn to GE for surgical cuts 04 Dec 2009 Protests add pressure for Copenhagen climate deal 05 Dec 2009 Apple acquires music service Lala 05 Dec 2009 The FBI agent inside the Galleon case 04 Dec 2009 U.N. says biggest climate talks in history must deliver John Acher and Anna Ringstrom COPENHAGEN Sun Dec 6, 2009 1:20pm EST Related News U.N. climate summit in close range of a deal: report 12:40pm EST Obama surprises with Copenhagen summit decision Fri, Dec 4 2009 "Encouraging" signs for cash at climate summit: U.N. Fri, Dec 4 2009 Rich/poor rift dents hopes for U.N. climate talks Fri, Dec 4 2009 Big developing states reject Copenhagen climate plan Wed, Dec 2 2009 COPENHAGEN (Reuters) - The biggest climate talks in history must deliver an ambitious, sweeping agreement to capitalize on pledges by countries to fight global warming, the United Nations said on Sunday. World | Green Business A day before the two-week talks in the Danish capital formally begin, the U.N. climate chief said time was up to agree on the outlines of a tougher climate deal after troubled negotiations have deepened splits between rich and poor nations. "I believe that negotiators now have the clearest signal ever from world leaders to draft a solid set of proposals to implement rapid action," Yvo de Boer told reporters. "Never in the 17 years of climate change negotiations have so many different nations made so many firm pledges together. Almost every day countries announce new targets or plans of action to cut emissions," he said. Much is at stake at Copenhagen. Scientists say the world is heating up because of greenhouse gas emissions from burning fossil fuels and massive deforestation. The United Nations says the world needs a tougher climate pact to brake rapidly rising carbon pollution. Failure to do so would mean triggering dangerous climate change such as rising seas, melting ice caps and greater weather extremes that could disrupt economies and force millions to become climate refugees. In a show of support, 105 world leaders have said they will attend the talks' closing stages to try to seal a deal after years of bitter debates over how to divide up the burden of emissions curbs and who should pay. Poor countries say developed nations have grown rich by fuelling their economies with coal, oil and gas and that they are most responsible for the bulk of the greenhouse gas pollution in the atmosphere. Yet developing countries now emit more than half of mankind's greenhouse gas emissions. The United Nations says all countries must play their part in braking the rise of pollution. Japan said on Sunday it would stick with its target to cut emissions by 25 percent from 1990 levels by 2020 during the talks, although the target is contingent on all major emitters, such as China and the United States, being ambitious. In recent weeks, China, India, Indonesia and other countries have announced emissions reduction pledges, boosting hopes of success in Copenhagen. WITHIN STRIKING DISTANCE Curbs on emissions pledged to date meant the world was within striking distance of a deal to cut greenhouse gases to a level that would avoid the worst effects of global warming, a report said on Sunday. "With everybody doing a little more we could close that gap," Achim Steiner, head of the U.N. Environment Programme (UNEP), said in Copenhagen. U.N. Secretary-General Ban Ki-moon said he was optimistic the conference would produce an agreement. "We will get an agreement -- and, I believe, that the agreement will be signed by all U.N. member states which is historic," Ban said in an interview in the Danish daily newspaper Berlingske Tidende. The United Nations set a deadline for the Copenhagen talks to yield a legally binding, and tougher, agreement to expand or replace the Kyoto Protocol from 2013. But negotiations, launched in 2007, became bogged down and the talks are likely to end with a weaker political declaration. A legally binding treaty text might agreed next year. De Boer said he was pleased U.S. President Barack Obama would join other leaders at the final stages to hear concerns of countries most vulnerable to the impacts of climate change. "I hope that as part of the negotiation process he comes with an ambitious American target and strong financial support to reach out to developing countries as well." Obama has said his government would offer a provisional 17 percent emissions cut from 2005 levels by 2020, but developing nations and greens say this is not tough enough. CHRISTMAS WISH De Boer said Copenhagen had to deliver three things. He said it must result in a list of rich country targets that were ambitious, clarity on what major developing countries would do to limit the growth of their emissions, and a list of financial pledges to help poorer nations green their economies and adapt to climate change impacts. Greenpeace said the talks needed stronger political will. "The climate change negotiations have never seen such a momentum, and it must not be wasted," said Kumi Naidoo, executive director of Greenpeace International. A strong agreement in Copenhagen would give investors a clearer idea of future government policies on putting a price on carbon pollution and additional incentives for clean energy, such as wind and solar as well as green transport. (Additional reporting by Alister Doyle; Writing by David Fogarty; Editing by Angus MacSwan) World Green Business More from Reuters Markstone says not losing investors on Broidy woes JERUSALEM (Reuters) - Markstone Capital, whose former chairman pled guilty to bribing New York State officials, does not anticipate any investors backing out from its investment funds, its new chairman said on Sunday. OECD warns public debt jeopardizes recovery: report Ex-Calpers staff ties with financier probed: report SABIC has "guarded optimism" on price recovery The great American credit contraction rolls on In break with past, no more passing the buck at Opel » More Top News special report: Most feared man on Wall St? FBI Special Agent B.J. Kang was there for the arrests of Bernie Madoff and Raj Rajaratnam. Who's next? According to court documents and industry sources, Kang may be focusing in on Steven Cohen and hedge fund SAC Capital Advisors. Full Article Video: FBI may be eyeing SAC capital Five facts about SAC Capital Advisors corporate crime Our new home We’ve rebuilt Reuters.com to make the site faster and easier to use, whether you want a quick glance at the top headlines or a longer deep dive into a topic that’s important to you. Full Article Video Tour © Copyright 2009 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts.com Buyouts Europe: Buyouts Conferences: Venture Capital Journal ECVJ International Financing Review International Securitisation Report Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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