World Leaders Agree to Delay Climate Change Deal

This news comes from the APEC summit in Singapore. NY Times:

SINGAPORE — President Obama and other world leaders have decided to put off the difficult task of reaching climate change agreement at a global climate conference scheduled for next month, agreeing instead to make it the mission of the Copenhagen conference to reach a less specific “politically binding” agreement that would punt the most difficult issues into the future.

The announcement is a simple dose of reality: there simply was not enough time left to reach a deal at Copenhagen. It'll be universally reported as "bad" news for the climate. Maybe yes. The flip side is that perhaps now that the artificial December deadline is removed, the key countries can engage in intelligent policy conversations. The "Copenhagen" or bust mentality was not helping anyone.