Global warming talks just hot air?

“We’ve been through a very significant financial crisis, and environmental projects are clearly affected,” said David Peniket of ICE Futures Europe. Investment in green technologies appears to be slowing


“Hot weather always gives a good result,” muses one veteran of countless United Nations climate conferences.

“Cold weather, like in Copenhagen, that is the problem.”

It would be worrying if it were true, but world leaders will be forgiven for hoping so.

Last year, in the bitter cold at the Danish capital, they promised £100bn a year to tackle climate change and its effects by 2020 - mostly from the private sector.

Now, as the 2010 UN Climate Change Conference continues in Cancun, Mexico, even that limited pledge is looking optimistic.Read the full story, Global warming talks just hot air?