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THE CARBON WAR

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The absurd thing is we know exactly what needs to be done 295<br />

One thing that is new about this summit is the amount of survey material<br />

that is instantly available on media coverage around the world. An hour scanning<br />

e-mail bulletins each morning can give a delegate a clear cross section<br />

of coverage and comment not just in his or her own country, but in many<br />

countries. This morning, scanning these surveys, I note there is a remarkably<br />

optimistic tone to the majority of coverage, in most countries, even India and<br />

China. The US and Chinese governments are earning particular plaudits for<br />

the games they have played so far.<br />

The conservative press in America is a notable exception. A Wall Street<br />

Journal editorial assures American business that nothing significant will emerge<br />

in Paris. “The politicians want a deal so badly that they’ll accept anything that<br />

can pass as one, but it won’t amount to much,” the Murdoch-owned paper<br />

opines. They are talking about my “No Signal” scenario.<br />

And just in case anything does emerge, Republicans in Congressmen are<br />

planning to vote through legislation aiming to unravel President Obama’s ability<br />

to enact policies consistent with text agreed in Paris. The President will veto it,<br />

of course, but the distasteful flat-earth political posturing of the Republican<br />

Party rages on, and it cannot help the American delegation here in Paris for<br />

the world to see what awaits if the they are elected.<br />

Obama remains unflustered. “I’m anticipating a Democrat succeeding me”,<br />

he says. “I’m confident in the wisdom of the American people on that front.”<br />

The Conservative press in the UK offers an interesting contrast. “We are<br />

going to move to a lower-carbon future whether it is needed or not”, Telegraph<br />

columnist Philip Johnston opines, based on his reading of events in Paris. “The<br />

direction of travel is clear and irreversible.”<br />

Day Three, Wednesday 2 nd December: My first event speaking for Carbon Tracker.<br />

We have a team of six at the summit. Anthony Hobley and Mark Campanale are<br />

doing most of the speaking engagements. I am filling in for them as required.<br />

This morning, I am on a platform organised by 350.org in the Climate Generations<br />

area, talking divestment.<br />

Bill McKibben opens. More than 500 institutions with assets worth $3.4<br />

trillion have now pledged to divest from fossil fuels, he announces. That’s up<br />

from 400 commitments worth $2.6 trillion just 10 short weeks ago.<br />

Astonishing, I think to myself. This is a snowball rolling downhill, picking<br />

up ever more snow and rolling ever faster. Might it evolve into an avalanche?

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