At a press briefing today, U.S. Secretary of State Hillary Clinton pledged that the United Stated will contribute its “fair share” of the $100 billion dollars needed for developing countries to deal with the negative effects of climate change IF the parties can come together on an agreement by the end of the COP. This has been categorized by the prime minister of Tuvalu as dangling a carrot in front of the poorest countries in an effort to get them to agree to a less binding agreement. Tuvalu, and many of the other low-lying island countries, still insist that they will not sign an agreement that allows for more than a 1.5 degree celsius increase.
Along with announcing a financial commitment from the United States, Secretary Clinton pressured China to agree to outside monitoring of its emissions levels. The stand-off between the United States and China, the top two global emitters, continued into the latter portion of the day. China has now made a few statements implying a commitment to transparency, but has yet to specify exactly what those statements mean.
Only one day left for the UNFCCC to pull off an agreement here in Copenhagen.