As heavyweights arrived from around the world, another day passed at the Climate Change Summit without substantial progress towards a final deal
If the climate was a bank, the US would have saved it - This was the unequivocal and rather polemical proclamation from a head of state, that in some measure echoes what many economists and environmentalists have been debating for sometime: That the cost of mitigating climate change today is expected to cost donor countries a few percentage points of the world’s GDP (low single digit figures in corporate-speak), and in absolute terms lower than what the US government coughed up in its cumulative bail-out package for the financial sector last year.