Duh. Cancun Climate Talks Will Not Produce New Climate Treaty - Reuters

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Reuters) - A U.N. summit in Cancun, Mexico, at the end of the year will not result in a new climate treaty to succeed the Kyoto Protocol, the co-head of the European Union's climate delegation said in an interview on Tuesday. "It will not be the big deal. Hopefully it will be a big step forward to the deal," Artur Runge-Metzger told Reuters.

The Kyoto Protocol was agreed in 1997 to reduce greenhouse gases emitted by developed countries to at least 5 percent below 1990 levels by 2008-12.

Talks in Copenhagen last year failed to nail down a legally binding agreement to succeed the pact and talks this year have shown slow progress.

Some elements of a new climate treaty's architecture such as technology transfer, adaptation, the monitoring, reporting and verification of emissions reductions should emerge at the Cancun summit, Runge-Metzger said. "Then we will take the next step towards the next (summit)," he added, referring to a 2011 meeting in South Africa.

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http://in.reuters.com/article/idINIndia-50605320100803