One of the main stumbling blocks at Copenhagen is the US’s insistence on outside verification of carbon reducation claims. China doesn’t want this verification, but the US is right to insist on it.
Chinese econonmic statistics are even more fictional than their American counterparts. They are what the Chinese want them to be. Moreover, carbon offsets in particular, according to those I know who have spent time in China and are involved in the industry, are often entirely fictional. They exist only on paper.
It’s one of the best business in the world. You get money for nothing more than some fraudulent paperwork.
China doesn’t want independent confirmation not just because they want to continue the fraud games, but because independent confirmation could be used as a cross-check on many of the official economic statistics. If you know how many power plants, factories, cars and so on there are: if you know how fast forests are being cut down, coal dug up and so on, then you can figure out what the economic statistics should really look like.
Reagan once said to “trust but verify”. There’s a lot of money to be made in the carbon game, not just by China but by many other countries and private interests. Anything that isn’t verified is bunk and worthless and even outside of China the evidence is that much of the carbon offset market is already fraudulent.
As with health care “reform”, a deal at any cost isn’t worth it.
If countries are really serious about global warming, then what they would do is set up a system whereby the amount of carbon created by a country is taken out of any purchases by that country of another country’s currencies, or would build them into tarifs, so that tarifs are based on the level of carbon that country produces. And if a country won’t allow verification, then they will estimate it and take the high end, worst estimate.
Except, of course, that that would require reforming foreign exchange markets and rethinking the modern version of “free” trade. And that the powers that be want to do even less than they want to save a billion or more lives due to global warming.