A few weeks ago, over 10,000 politicians, scientists, NGO representatives, and academics inundated Bali, Indonesia. The goal was to negotiate, lobby, and struggle through the increasingly complex web of international climate change policy. At the end of it all an agreement was reached as part of the “Bali Action Plan” to spend two more years negotiating on a future agreement that should include reducing deforestation in developing countries—something that currently accounts for up to 25% of global greenhouse gas emissions.
Many people think these talks are too technical or too soft on action. A closer look at the Bali decisions shows that this round of negotiations are significant for future US engagement in international climate policy and millions of hectares of tropical forests, Surprisingly, this in turn becomes significant for US companies.
Read the article on the Mongabay website.