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Obama Accord a Good Thing Amid Copenhagen Fiasco

December 21, 2009 // The Age - Australia

The non-binding character of the commitments from the U.S. and the major developing countries does not provide a firm basis for environmentally and economically efficient trade in emissions entitlements, which can substantially reduce the costs of mitigation - and therefore influence what is eventually judged to be attainable in the way of ambitious mitigation.
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