At the 11th hour, after it was becoming clear that no agreement was to eventuate, an agreement was reached to negotiate an agreement by 2015, which in the best case will only become binding in 2020.

This has essentially just kicked the can 4 years down the track, whilst at best there is no commitment to reduce emissions until 2020.

For Australia, it means that the modelling upon which the carbon tax is based, which assumes that the major emitters will have a price on carbon by 2016 is faulty, and will need to be redone to let people know what the real impact of the tax will be on the economy.

Graham Y,

What ever software you are using it randomly cuts off the headline.

It should read something like:

"Climate talks bust, - parties agree to future talks"

I am real glad I am not a Climatist it would be like convincing a Dung Beetle to Mate with a Pig to save the Eco-Sphere.

its all just too clever by half
the yes woman running the yes maam party faithfull
into paying taxes now..plus a 10 billion slush fund..cause the worlds going for it[and the were front running..then were doing it cause everyopne else is doing it]

well they aint doing nuthin
we got a sceme that will raise a trillion dollars
where we pay more than anyone in the world for bying carbon credit

then what we 'eaise'..in one month exceeds that the world produces [sorry PAYS]..in a full year

but heck 10 %..of our tax..there is the 100 billion
that gets gifted to private entripeoneers..'partnerships'
who will opwn the lot..and we got nuthin to show for it..cause we arnt investing..were gifting it to scamers

its sad to see the beatup
yep the world will do it[after 2020
you will be paying it next year

yep we got an agrement
to makle an agreement..maybe 2015

its the whole smoking taxation scam all over again

give a bad dog a bad name
then tax it into submission[but what is the sub....
missionm..[to scam, your cash..with just another tax

note the book howard released today
to try to correct the lies of the global warming hoaxers
they teach sopinm to kids as gospil true...then they find out its a lie

then they become like me
angry bitter old men taxed ionto early graves by spin fear and guilt

no taxation without representation
[gee what a good idea]...TAX THE AB-users..not everyday users

ie tax the rich indians
not have the poor subasidise the rich..going over to solar
with i nice feedin mates rate..plus free solar cells..to the greenie grungy elites

It doesn't say that climate change is not proceeding, it just says that the world is broke. 1220 targets have to be met.

This tactic is as predictable as time itself. Delay, delay and more delay thus giving time for new taxes and asset stripping and control so no matter what the final outcome [consensus agreement or bust ] it's too late to save the populace from unfair, unjust and intrenched taxes.
Only the British PM has the balls to see thru all this crap and stand on his dig.