The UN’s annual climate conference ended Monday with big decisions pushed off to 2020 and beyond.
Brazil and Australia were accused of thwarting a proposed carbon trading system by insisting they be allowed to recycle past credits. India, the world’s third-biggest carbon emitter, opposed more ambitious emissions targets and called for an “examination of whether richer countries have done enough.”
Saudi Arabia and Russia, both big oil producers, also opposed new targets.
China, the world’s top emitter, will sit tight and see what direction the U.S. takes on climate after 2020.
The U.S., the second-biggest emitter helped block a proposal that would see developing countries compensated for extreme weather events linked to climate change.
As an aside, Russia is investing heavily in military capabilities in the Arctic, as they and other countries are eyeing natural resources opened up by melting ice.
Secretary of State Mike Pompeo also sees a warming Arctic as an “opportunity” for the U.S.
Coal use is rising in Asia, and China is vastly increasing its coal-burning capacity. Cuts to fuel subsidies prompted massive protests this year in France, Ecuador and Iran.