Chancellor Alastair Darling was today forced to rein in his hopes for a recession - beating «new global deal» next month, after Washington said it would not be negotiating a «specific commitment» at the G20 meeting. (politics.co.uk)
President Obama and Chinese President Xi Jinping struck a historic climate change agreement in Beijing last night, vowing that the world's two largest emitters of greenhouse gases will each undertake steep cuts in the coming decade and will work together toward a new global deal. (scientificamerican.com)
Noting that China has never before agreed to top out its emissions, Obama said he hopes the world's two largest economies can steer other countries toward a new global deal at the Paris conference. (scientificamerican.com)