Copenhagen Summit

Copenhagen summit: Pope Francis has championed climate action as a moral imperative, while investors representing $25 trillion have publicly backed the move to a low-carbon economy, according to The Toronto Star. But even as momentum for an agreement builds, concern has emerged that after years of failed climate talks – particularly the Copenhagen summit in 2009 – the world is once again setting itself up for disappointment. The cost of renewable energy has fallen dramatically and King Coal has lost its century-long throne. Risk of failure is real, Francois Hollande, president of host country France, warned journalists last week as he announced the official summit countdown. The French are trying to ratchet down expectations, said Runnalls, who after 20 years of attending UN climate conferences remains optimistic that Paris will be different. David Runnalls, a visiting professor at the University of Ottawa Institute of the Environment, said the big worry is that Paris will be Copenhagen redux. (news.financializer.com). As reported in the news.