CCTV Script 01/12/15

– This is the script of CNBC's news report for China's CCTV on December 1, Tuesday.

Welcome to CNBC Business Daily, I'm Qian Chen. could be forgiven for feeling like results are slow in coming after more than two decades of climate change meetings.

During that time...carbon emissions, sea levels, and temperatures have all continued to rise.

You could say the 1992 Rio Earth Summit was the granddaddy of these conferences.

It galvanized worldwide attention on the myriad issues facing the planet.

Celebrities applied pressure.

And government leaders promised action.

It led to the UN Framework Convention on Climate Change.

And the first Conference of the Parties to that agreement...or COP 1...happened in Berlin...(with Germany's Chancellor Angela Merkel then the country's environment minister, by the way).

in 1997...the third COP meeting adopted the Kyoto Protocol...the world's first greenhouse gas emissions reduction treaty.

It committed dozens of industrialized countries to reducing emissions by 5 percent below 1990 levels by 2012.

More meetings were needed before the Protocol entered into force in 2005.

The U.S., by the way, signed the treaty...but never ratified it.

Success, on the whole, was mixed.

The 2009 meeting in Copenhagen was criticized as a failure.

Leaders didn't manage to draft a new pact to replace the Kyoto deal...

Largely because of disagreements between the responsibilities of developed versus developing nations on emissions reduction.

The accord did recognize the scientific case for keeping temperature rises to no more than 2 Celsius.

Fast-forward a few years to the Doha Amendment.

It launched the second commitment period of the Kyoto Protocol...which runs until 2020.

And that essentially brings us to COP21 and the meeting in Paris.

Plenty of pressure for world leaders to nail down a fulsome deal.

But some of the same issues remain.

[UNITED NATIONS SECRETARY GENERAL, BAN KI-MOON] "All these unresolved issues have been discussed many, many years, you simply have not taken the decisions. But all the pending issues are on the table. You know what are the best? Let's meet at the middle ground. Please show some flexibility and sense of compromise for the common good."

Meanwhile as global leaders try to hammer out a climate deal, Goldman Sachs is putting its money on where the fight against global warming is headed.


[DAVID DIETZE ] "114853 The coal companies come to mind immedietly... although is not gonna come quickly. 114921 "

CNBC's Qian Chen, reporting from Singapore.


[DOROTHY (t) LAKNER Topeka Capital Markets Senior Retail Analyst & Managing Director] "063423 I think we are continuing to see accereraltion of the pace of online sales and clearly from my companies all of which have stores as well as online presence, that is the fastest growing part of their business, growing between 15-20% overall verus single digit growth in store part of business. Another trend we are seeing is when we get november sales from some retailers, as most retailers started the black friday sales on November so we should call it black november which i think add up to black friday being more calm than it was in the past. 063517 "

[ERIC - track BEDER Wunderlich Securities SVP & Retail Analyst ] "073852 It's interesting that there are two kinds of spreads here. One is kinda mass retailer. And right now there is very limited abiltiy for someone to become another mass world retailer. However the net let you be so specific in what you are selling that there are abilities for next player to do extremely well both online and store. WHatever we are seeing is that the net lets you find whatever you want no matter how esoteric. that;s smth has been changed. If you look to win at mass and bulk, you are already significantly behind people like amazon and walmart, target, alibab. I wouldn't say its impossible but becoming extremely difficult. 073934 "

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