Climate Talks Will Hinge on Economics


Reporting from Washington - When world leaders gather in Copenhagen today for negotiations on a new agreement to combat climate change, their success or failure will ride on economics, not environmental science.

Theoretically, the two-week conference will focus on measures to limit emissions of the heat-trapping gases blamed for global warming. But the major debates will center on money: How could emission limits affect major industries and the jobs they provide? How could a new climate treaty reshape the global economic playing field?

Those issues sharply divide some of the most important players at the conference, as they ponder the economic possibilities and pitfalls.

For China and nearly all of Europe, the issue offers tempting opportunities to expand industries and create jobs by developing and selling new technologies for wind, solar, nuclear and other low-emission energy. That is especially the case if there is a strong agreement to move away from the carbon-based energy sources that the world has depended on for more than a century.

To read the rest of the article, click HERE