The Forum > General Discussion > Cancun, A non binding agreement on voluntary targets. Means what?
Cancun, A non binding agreement on voluntary targets. Means what?
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- Recognize the Kyoto targets
- Set any specific targets by any date
- Define any carbon price or emission trading guidelines.
The optimistic view of the Greens is that it is an important "step" in building a formal agreement, and they are certain to use this as an indicator that progress is happening in the rest of the world and we need to step up to the plate.
What the Greens and Labor are almost certain to gloss over is that there is no requirement for a cut of more than 5% from 2000 or any defined mechanism such as a carbon tax.