Folks,

This morning WWF International finally released the 'Climate Solutions
II' Report, prepared by Climate Risk Ltd.

As you know, the report models the global growth rates needed for
low-carbon industries if we're to avoid climate tipping points. In
particular it shows that we can't afford the current approach of
starting with the least-cost mitigation solutions and working our way
forward to higher cost solutions as a carbon price gets to a reasonable
level.
 

Norway has just announced they will cut their emissions 40% on 1990 levels by 2020 - if there's a good Copenhagen agreement. They'll cut them 30% no matter what.

Great move Norway! We need all rich countries to cut much much more than so far agreed, especially recalcitrants like the US, Canada and Australia.

But ...

Friends,

I had the privilege today of getting a private briefing from a leading investment analyst on the impact of the new US Climate Change Bill.

Below are 11 key points:

1. The Bill has been watered down so much that US industry is unlikely to be doing any real emission cuts until the mid-20s.

 

 Sean Kidney shares with us insights from Copenhagen.