Bali meet

Bali meet on climate change; some snippets
This meet is being attended by 190 nations to launch negotiations that will eventually lead to an international accord to succeed the Kyoto Protocol, which expires in 2012.
The 175-nation Kyoto Protocol requires 36 industrial nations to reduce GHG emissions, by an average 5% below 1990 levels by 2012.
Saudi Arabia and the US are worst ‘climate sinners’ according to an annual index ranking 56 nations which together account for more than 90% of global CO2 emissions.
For the first time the deliberations were dominated by the findings of the IPCC report. There was a complete absence of any questioning of the scientific assessment of climate change.
Though a couple of countries questioned the extent of required cuts that a new global agreement should incorporate, a compromise was reached supporting deep cuts in emissions and a timetable for a draft plan of action to be completed.
REDD: Reduced Emissions from Deforestation in Developing countries.
Under this scheme, preservation of forests could become a tradable commodity with the potential to earn poor nations billions of dollars from trading carbon credits.