What are the prospects for reaching a global agreement?
The Commission believes the basis for reaching an agreement exists and is getting stronger. In the US and Australia, which have not ratified the Kyoto Protocol, there is a growing awareness of the dangers of climate change, and this is leading to regional initiatives to curb emissions. Business, more than some governments, is taking a long-term view and is becoming a driving force in the fight against climate change, asking for a coherent, stable and efficient policy framework to guide investment decisions. Most technologies to reduce emissions either exist or are at an advanced stage of preparation. What is needed now is support from major emitters for a long-term agreement to ensure their deployment and further development.
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