As the negotiations in the Bella center continued the Copenhagen summit reached its penultimate day. Hence French president Nicolas Sarkozy warned in the conference that quick and effective discussions were required. He added that time was against them, there was less than 24 hours left in the summit and it would be termed as a failure if they continued the same way.
The Copenhagen talks broke the deadlock on day11 and decided to maintain the integrity of Kyoto protocol. This move was termed as victory for developing world.
China agreed to provide details about the actions it will take to reduce emissions and promised to fight global warming
Hillary Clinton, US secretary of state arrived in Copenhagen on Thursday and said that US along with other countries will provide $ 100 billion a year by 2020 to developing countries on the agenda of full transparency.
Vice Foreign Minister He Yafei said on Thursday that china was ready for dialogue and co-operation. This statement came after Hillary Clinton declared that US will be raising $ 100 billion a year for developing countries to fight climate change.
China's Climate Change Ambassador Yu Qingtai said that china came to Copenhagen with hope which is not lost yet and that Copenhagen was too big to fail. According to him China wanted a deal that will capture all progress made in 2 years of UN led negotiations.
On Thursday noon, the delegates at the summit decided to continue climate talks on two agenda, one Kyoto protocol and other, climate change convention.
There was also a warning issued that not to expect more from US when Barrack Obama visits Copenhagen.
A confidential UN draft said that the emission cuts announced in Copenhagen so far were not enough. There is a gap of 4.2 gigatonnes of emissions between required and proposed amounts which means a warming of 3-4 degree Celsius, which is harmful to the environment.
