“The Copenhagen Accord is a missed opportunity, and a disappointing conclusion to two years of negotiations. The heads of state have come up with an agreement that skates over difficult points and is light on detail. There is now a real need to maintain momentum in order to agree as soon as possible on a legally binding replacement to the Kyoto Protocol, which expires in 2013.
“Business needs a clearer sense of direction if it is to make the enormous investments needed to shift towards a low carbon economy. In the meantime, the emphasis must be on those actions that don't require global agreement and that bring economic benefits in their own right.
See full Press Release.
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