We should not get our hopes up that the Copenhagen climate-change summit will produce anything resembling a legally binding agreement to reduce greenhouse-gas emissions. Though many say this is the world's last chance to make a deal, there are major divisions that stand in the way of a meaningful agreement.
Although key developing countries, led by China, India and Brazil, have said they will cut their own carbon emissions, they are all marching to a different drummer in terms of baselines, specific reduction measures and whether targets should be legally binding. They also want rich nations to cut their emissions while providing major funding for technology transfer and adaptation to developing countries.
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