17 Nov '11, 11pm

Business Expectations Low Ahead of UN Climate Talks

Business Expectations Low Ahead of UN Climate Talks

Is there hope that an international climate change deal will emerge at the upcoming U.N. negotiations in Durban, South Africa? Don't hold your breath, many business leaders might tell you. That's not to say one isn't needed. The vast majority of business executives in a recent survey -- 83 percent -- view a multi-lateral climate change agreement as a prerequisite to address the issue, but just 13 percent believe it will happen in Durban -- or anytime soon. The down economy complicates the upcoming talks, according to the new report from Ernst & Young , "Durban Dynamics: Navigating for progress on climate change ." The report offers a nice primer of the contextual backdrop of the negotiations, which are scheduled to run Nov. 28 through Dec. 9. One of the major factors that promises to stymie the talks is the persistently terrible economy. Climate change efforts will suffer ...

Full article: http://www.greenbiz.com/blog/2011/11/17/business-expectat...

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