There’s trouble in environmental Paradise, according to’s
Status Report on International Climate Treaty

…negotiators are far apart on the most important issues-binding emissions cuts and paying for a global green energy revolution…

The US position in these negotiations? Regarding binding emissions reductions,

# The Obama administration proposes 18% cuts by 2020, but it wants significant participation from rapidly growing developing countries such as India and China.

# In the United States Congress, Reps. Henry Waxman (D-California) and Edward Markey (D-Massachusetts) have proposed a draft of a legislation calling for the United States to reduce emissions 20% by 2020, although they are meeting heavy resistance from both within their own party and Republicans.

About paying for the world to go green,

# The Obama administration has yet to address climate change mitigation aid to developing countries.

# The Waxman-Markey draft bill does not address climate aid, but it is highly unlikely that the Congress would agree to pay scores of billions of dollars every year for clean energy in China.

More at the link about developing countries’ and the European Union’s positions.  Basically, the developing countries bloc, which includes India and China, want industrialized nations to strangle their own economies by reducing CO2 emissions drastically, and at the same time, redistribute their citizens’ wealth to those countries while doing nothing about their own emissions.  Sweet deal for them.  In a sane world they would be shown the door.