Global Warming

Whatever the outcome of the final hours of wrangling at the COP15 conference in Copenhagen, the odds are that the leaders of some of the world's richest countries will earnestly declare that they are working hard to stabilize atmospheric carbon dioxide concentrations at 450 parts per million (ppm) and ensure that global average temperatures don't exceed 2 degrees centigrade.

In a final end-game bid, the governments of Saudi Arabia and Australia are frantically trying to shoe-horn support for the experimental Carbon Capture and Storage (CCS) technology into a final agreement from the COP15 conference in Copenhagen. By the end of the first week of negotiations, promoters of the technology failed to win support from one of the major committees of the United Nations Framework Convention on Climate Change (UNFCCC).

But just two days later, draft text prepared by the chair of one of the two 'tracks' of UNFCCC negotiations threw a lifeline to the coal and power generation industries by flagging that whether or not to include CCS in the Clean Development Mechanism (CDM) as one of the most important issues requiring resolution. Including CCS projects in the CDM would provide a massive financial incentive for the development of trial CCS projects, most of which would be attached to massive new coal-fired power stations in developing countries. And this is just what groups such as the World Coal Institute and the International Emissions Trading Association have been lobbying for.