Posts Tagged ‘IMF’

China Taking Uncooperative Stance on G20, Climate Treaty Terms

The G20 Global Summit, which will take place in the UK in April, stands to be an important factor in determining China’s stance on climate change commitments as Copenhagen draws near.

First, this meeting will provide the US and China a chance to meet behind the scenes, for the first time since Hillary Clinton visited China last month to initiate a discussion on robust bilateral coordination on energy and climate issues. Both Clinton and her Chinese counterparts suggested in February that the G20 meeting would give the two nations’ leaders a chance to move ahead with the compact. The next step may well be a US-China leader summit, which a recent policy think tank “roadmap” for collaboration, given to Clinton in advance of her trip, identified as a crucial building block in the process.

Secondly, this meeting will give other countries some signposts as to what they can expect from China in December. G20 participants have already expressed their expectation that China will ante up in this time of global economic need. Gauging the tone of China’s reaction to G20 participants’ financial demands will provide participating OECD countries – particularly those expecting China to make serious commitments on emissions reductions in the “Green New Deal” – some hint as to what a distressed China can be expected to deliver in environmental negotiation terms. The last two weeks’ NPC legislative session in Beijing definitively demonstrated that China’s first priority is repairing the economy, not the environment. Thus, China’s reaction to the key role G20 participants expect her to play in the summit may serve as an accurate litmus test for anticipated outcomes in Copenhagen.

President-elect Barack Obama Talks About A New Chapter On Climate Change

President-elect Barack Obama did not send representatives to the APEC Global Climate Summit but he recorded this message promising “a new chapter of American leadership on climate change.”

Introducing Obama’s Economic Team for A Sustainable America

President-elect Barack Obama has selected the economic team that will help him to ‘do what’s necessary’ to fix the economy.

APEC In Sync With IMF: Global Financial Crisis To Be Curtailed By 2010

The 21 economies of the Asia Pacific Economic Cooperation (APEC), which represent more than half of the world’s productive power, assured the world yesterday (Sunday) at the end of a 2-day summit in Lima, that the global financial crisis can be quelled in 18 months. But how they expect this to happen - or how their governments can help remains to be seen.

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