Obama Snubbed by Chinese Premier at Climate Meeting

[megimoo]

"The Bottom Line :"
China has said it is not fair to ask for independent verification of emission-reducing actions not funded by outside aid.“We will do our own verification,” China’s Yu Qingtai, said in a Dec. 12 interview in Copenhagen.

...........................
-- President Barack Obama’s first closed-door meeting with world leaders in Copenhagen to forge an agreement to slow climate change had a notable absentee: Chinese Premier Wen Jiabao.

While the U.S. leader and Wen later met privately for almost an hour, China’s premier didn’t show up for a second meeting with Obama and other leaders this afternoon, adding to speculation the world’s two biggest producers of greenhouse gases are far apart on an agreement to fight climate change.

Obama and Wen are now set to meet for a second one-on-one talk at 7 p.m. in Copenhagen, the U.S. administration said.

Negotiators from 193 countries are in the Danish capital for the United Nations talks, which are stuck on aid to developing countries facing damage from climate change, pollution-reduction goals and how to verify individual country’s pledges to cut harmful emissions.

“I have to be honest, as the world watches us today, I think our ability to take collective action is in doubt right now and it hangs in the balance,” Obama told more than 8,000 delegates in Copenhagen earlier today, where discussions are supposed to conclude at 6 p.m.

Wen, who spoke at the meeting’s morning plenary session before Obama, urged global cooperation in cutting carbon-dioxide pollution that many scientists say, if left unchecked, could lead to catastrophic climate shifts.

“To meet the climate change challenge the international community must strengthen confidence, build consensus, make vigorous effort and enhance cooperation,” Wen said.

No Show

Wen’s absence from the morning meeting with Obama and almost 20 other world leaders stemmed from displeasure with the U.S.’s demand that all major emitters verify their actions to cut greenhouse gases blamed for global warming, said a delegate who declined to be named because of the sensitivity of the talks.

The leaders at the meeting included Obama, Russian President Dmitry Medvedev, Indian Prime Minister Manmohan Singh, U.K. Prime Minister Gordon Brown and Japanese Prime Minister Yukio Hatoyama. China was represented by Vice Foreign Minister He Yafei. China’s Yu Qingtai, the country’s special representative on climate change, stood in for Wen in the afternoon.

Charlie Rangel, a U.S. congressman and chairman of the tax- writing House Ways and Means Committee, said the U.S. and China both said the right things about fighting climate change.

“The spirit of what they’re saying is encouraging, but I don’t know what it’s going to take to make it work,” Rangel said in an interview in Copenhagen.

Climate Aid

Obama has put $100 billion in climate aid for developing nations on the table in Copenhagen. The U.S. has said funds to help poor countries cope with climate change hinges on the willingness of major emitters such as China to allow third-party verification of its actions to cut emissions.

The U.K.’s Brown is mediating between China and the U.S., according to Paul Bengo, chief of staff to Papua New Guinea Prime Minister Michael Somare.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aMd_VEyskvcE#
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[dogtowner]

you dont piss off the loanshark... sheesh...

[lacarnut]

India also told Obummer to go fly a kite. With a global recession, our appeaser-in-chief should get the message that we don't have the money to piss away on junk science.

[megimoo]

India also told Obummer to go fly a kite. With a global recession, our appeaser-in-chief should get the message that we don't have the money to piss away on junk science.
China has no way to cut their pollutions and still make progress and money .If China were to adhere to this Global Warming bull shit they would shrink into insignificance.They would have to rebuild their entire infrastructure from the ground up !

Their grand experiment into hydro electric power is about to fall apart with the erosion and undercutting of their major dams across the three river gorge.If that thing caves in it will sweep away half of their industrial base.

They still haven't recovered from that series of earth quakes that buried their Nuclear Weapons storage sites.

They are hard at work building a large Modern Navy with nuclear 'Boomers to offset our deterrent SLBM submarine's and Nuclear fast attack boats to challenge the US Navy Carrier forces in the South China Sea.

They were able to steal our war head designs thanks to Clinton and Kennedy but will have great difficulty actually implementing those designs into their SLBM'S.

They already have old Russian Kilo Diesel boats for coastal Defence but they need deep sea fast attack Nuke Boats to go against the mighty US Navy.

Most of the Chinese economy is 'Coal Power' based and any monitoring would force them to convert to Nuclear Power country wide at great expense.

China isn't stupid but will play the 'great game' as an illusion of cooperation but do nothing to actually cut emissions,why should they ?

China looks down on OBummer and America as an enemy and a debtor.Why should they follow any advice we give them when we are unable to pay our debts to them ?The Chinese suffer fools poorly especially if they owe them money !

China must feel very foolish and angry for trusting America to be a long time major economic power and keeping most of their reserves in US 'T' bills .They have learned from their mistake and have gone to Gold reserves for it's stability at the same time shedding American security notes whenever they can.

American 'T' bills are at their lowest prices ever so China is 'screwed' !

[PoliCon]

Well the left are getting their way in one thing at least - Barry is distroying our ability to lead.

[Last Samurai]

Barry couldn't lead if he was shown the way. Let's not make the man into more than he really is... a rather inexperienced National level "player" who has been purchased into office and supported primarily by those segments of citizenry who's only criteria for fitness for office is "What's in it for me?"

To believe that this putz can accomplish ANYTHING internationally is beyond comprehension. He, for one, does NOT represent the US en toto. He is representative of only those who supported him and mades no bones about it. As for the rest of the Nation..... ah... well, maybe we should have voted for this inept community organizer too..... maybe WE could get something out of it besides totally ignored.

I got some BAD news for you Oh Bummer, you are badly ticking off and ignoring the basis of the strength of this Nation.... the REAL taxpayers and the most productive members of the economy.

Nary a brain one to be found, IMHO.


LS

[dogtowner]

screw withthe loanshark and this is what you get (http://www.shanghaidaily.com/article/print.asp?id=423054)

they control the extent prezbo can go to the well




IT is getting harder for governments to buy United States Treasuries because the US's shrinking current-account gap is reducing supply of dollars overseas, a Chinese central bank official said yesterday.

The comments by Zhu Min, deputy governor of the People's Bank of China, referred to the overall situation globally, not specifically to China, the biggest foreign holder of US government bonds.

Chinese officials generally are very careful about commenting on the dollar and Treasuries, given that so much of its US$2.3 trillion reserves are tied to their value, and markets always watch any such comments closely for signs of any shift in how it manages its assets.

China's State Administration of Foreign Exchange reaffirmed this month that the dollar stands secure as the anchor of the currency reserves it manages, even as the country seeks to diversify its investments.

In a discussion on the global role of the dollar, Zhu told an academic audience that it was inevitable that the dollar would continue to fall in value because Washington continued to issue more Treasuries to finance its deficit spending.

He then addressed where demand for that debt would come from.

"The United States cannot force foreign governments to increase their holdings of Treasuries," Zhu said, according to an audio recording of his remarks. "Double the holdings? It is definitely impossible."

[lacarnut]

Well the left are getting their way in one thing at least - Barry is distroying our "COUNTRY"

FIXED