? Orbeo Says China Was ‘Very, Very Smart’ in Climate

is china really winning the pr and trade ``wars'' people? further comments my way

Mathew Carr, emissions markets, energy reporter. London Bloomberg News ph +44 207 073 3531 yahoo ID carr_mathew


Orbeo Says China Was 'Very, Very Smart' in Climate Negotiations
2010-12-13 13:44:22.150 GMT

By Mathew Carr
Dec. 13 (Bloomberg) -- Emmanuel Fages, a Paris-based
analyst for Orbeo, said China was "very, very smart" in the
way it dealt with the U.S. at the climate talks concluded Dec.
11 in Cancun, Mexico. Fages, lead analyst for the carbon venture
of Rhodia SA and Societe Generale SA, commented by e-mail.

On China's strategy in the talks:
"China understood that the U.S. is prevented from moving
now by the resistance of its newly elected 'climate-know-
nothing' Congress. It is adapting its strategy. Up to now, China
was blocking the international negotiations, directly
confronting the U.S." China now "can be more open and has the
luxury to corner the U.S. internationally. Very soon, the U.S.
will be fingerpointed as the only big emitter not doing
anything, while China is making proposals, is progressive. China
can "create the gap with the U.S. on the green economy and claim
to be the good pupil. China is very, very smart."

On the Cancun Agreements:
"I am not too impressed by the standing applause and all
the decorum, trying to show success. This fortnight failed to
tackle the thorny issues that still lie ahead of us for next
year. The success comes from the fact that the subjects debated
were not central to an agreement. So, despite the agreement in
Cancun, we could still fail next year.

On carbon market:
"Overall, I do not expect any impact on the market, as
there was no unexpected breakthrough, no good surprise."

On targets, Japan strategy:
"For me the two good points in the negotiations were,
first, clear openings on targets by India and China. Even if
they are then denied one way or another, they emerged. You can
see the debate exists in these countries, and some at official
levels think they are ready to commit. Second was the very
courageous and clear-sighted Japanese position. They took the
risk of appearing upfront as the bad guys, while they are
probably among the most ambitious, with Europe. They know Kyoto
is an inadequate basis for a global agreement, as it is riddled
with issues that a mere extension will not get rid of. Starting
from scratch is not easy, but might be less risky than what the
developing nations are pushing, i.e., clinging to Kyoto and its
shortcomings. Japan was probably the most responsible party in
this summit."

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--Editors: Mike Anderson, Rob Verdonck.

To contact the reporter on this story:
Mathew Carr in London at +44-20-7073-3531 or

To contact the editor responsible for this story:
Stephen Voss at +44-20-7073-3520 or sev@bloomberg.net