Apparently talks still going on, stances understood as follows:
1) EU insisting on targets now for developed nations, as it sets the example for the rest of the world
2) USA still insisting this isn't viable, and should be a part of discussions, not the framework
3) Developing nations resisting cuts for them
We are one of the nations trying to broker a middle ground.
I actually heard a decent interview or two on Newsradio today. Summed up as follows:
1) Mandatory targets failed for Kyoto, why will they work now. Better framework is to promote reductions, but to have pressure valves to ease the pain if the cost reaches certain trigger points. This apparently is a mid point between the Howard Sydney Resolutions and Kyoto.
2) Asian growth is around 10%, while EU growth is around 1-2%. Its easy to cut emmisions if your economy is not growing. Also Kyoto has lots of advantages for the EU - in 1990 UK still had the remnants of a coal industry, and East Europe was a poluting MF. The fact that these two spot saved the EU heaps. Also the EU has a collective figure, meaning some countries are cutting, but others are massively over the mark.
3) India emitts 1/15th the carbon of the USA. Their argument is if they cut 25% people remain destitute. If the USA cuts 25% you sell your SUV for a sedan.
This is all relevant, because the points are all fair. I think what needs to happen is for a few compromises. The West needs to cut, but with more flexibility than the EU insist. We are not all mature non-mining economies that are barely growing like the EU. Also the developing world MUST come to the table, but I think they will need western $$$ to help "clean" their industries. Its not easy, it will be expensive, but we have to do something and stop thinking we have to be a "winner" out of these negotiations.
BTW this is far from a definitive idea of mine, its Fri night so keep that in mind
I just think a bit more flexibility needs to be shown by all three sides.