Discussions will focus on the Kyoto Protocol's successor.  The US will soon be the only industrial nation not to have ratified the Kyoto agreement, opposing mandatory limits on emissions, but other nations are eager to move forward.

"...adherents to the Kyoto pact, led by the European Union, are eager to extend and even broaden current emission restrictions. One reason is that Kyoto nations are already buying and selling credits — already worth several billion dollars a year — for cutting greenhouse gas emissions under the so-called cap-and-trade system. Such trade could collapse if the restrictions are not extended."

New York Times, December 3, 2007

http://www.nytimes.com/2007/12/03/world/asia/03bali.html?th&emc=th

Submitted by M. Brooks