| Abstract |
2008 ended with the EU agreeing the world’s largest climate package; renewables emerged as the main winner and carbon costs were limited following intense lobbying. The baton of climate leadership now passes to the US, where clean energy is set to form a prominent part of President Obama’s American Recovery and Reinvestment Plan. Emerging markets are also upgrading their policies, particularly in China and India, but we expect only an outline agreement (if that) to emerge from the Copenhagen climate summit in December. |
