For the climate conference in Copenhagen it is not clear if it will be a success since there are problems between the US and China. The draft is that at least 50%, 85%, or 95% of the emissions are cut by 2050 compared with 1990. US does not want to give any money to China and other developing economies since they have large money reserves. China however demands the money since it argues that the West has the duty to provide money and technology. The EU also took an important step in trying to make the meeting successful by offering 2.4 billion Euros a year for developing countries for emission reduction
Original article: http://online.wsj.com/article/SB126053354299387331.html
