CLIMATE-PM 3 LST

The BASIC countries have agreed to reduce the intensity
of their emissions and indicated flexibility over agreeing to
international review mitigation actions funded by
international finances.
However, they do not agree any international review of
their voluntary mitigation actions which are funded
domestically.
Till Thursday afternoon there was no consensus on an
agreement. The two negotiation groups -- Adhoc Working Group
(AWG) on Long Term Cooperative Actions and the AWG on Kyoto
Protocol -- have submitted their reports with bracketted
parts which are open to discussion. It is unlikely that the
COP-15 would be able to reach an agreement and negotiations
are expected to continue next year.
Denmark, the chair of the conference is understood to
have prepared a three-page draft on broad consensus.
The Copenhagen summit is meant to agree a global climate
deal, as a basis for agreement on a full treaty next year,
intended to avoid dangerous climate change and drive a shift
to a greener global economy less dependent on fossil fuels.
PTI