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Copenhagen Climate Talks: No Deal, We're Out of Time, Obama Warns

from the Guardian (U.K.)

Barack Obama acknowledged [Sunday] that time had run out to secure a legally binding climate deal at the Copenhagen summit in December and threw his support behind plans to delay a formal pact until next year at the earliest.

During a hastily convened meeting in Singapore, the US president supported a Danish plan to salvage something from next month's meeting by aiming to make it a first-stage series of commitments rather than an all-encompassing protocol.

Postponing many contentious decisions on emissions targets, financing and technology transfer until the second-stage, leaders will instead try to reach a political agreement in Copenhagen that sends a strong message of intent.

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