A climate change conference is underway in Poznan to begin a year-long process for an agreement to succeed the Kyoto Protocol. 10,700 delegates – from 187 nations – are gathering in Poznan. Kyoto only lasts until 2012, and the hope is that an agreement will be reached at a 2nd conference, in December 2009, in Copenhagen. Within the EU, Poland (93% of its electricity comes from coal) and Italy are opposing an agreement with tough new emissions standards.
Yvo de Boer, the UN's top climate official wants the right path to be taken for the next 15 years:
"What concerns me most is that the financial crisis will lead to a second set of bad investment decisions ... I hope that the second financial crisis is not going to have its origins in bad energy loans. We must now focus on the opportunities for green growth that can put the global economy onto a stable and sustainable path."
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