The Road to Copenhagen in December 2009 has two visible signposts. One that reads, ‘The time for climate change action is now’, the other that warns, ‘The road is bumpy’. The first signpost expresses the apocalyptic language that the earth's rising temperatures are poised to set off irreversible consequences if concrete steps are not taken quickly. It suggests that the climate is nearing tipping point. The second signpost forewarns that arriving at a bold, equitable, and binding treaty will not be easy and that the politics of climate change will undermine the science of climate change.
The beginning of the end of the dollar era?
The ramifications of an end to dollar-based oil trade would extend far beyond the oil market and would herald the beginning of a new international political order.