Is there time for such delay?

• For better, developed and developing nations will take part in the post-2020 treaty.
• For worse, Kyoto will be extended, but its true future won’t be determined for a while (a new treaty is scheduled to be developed in 2015 with an implementation date of 2020).

• For better, the U.S. says it’s committed to a post-2020 treaty.
• For worse, time will tell to see what ‘commitment’ means to post-2020 political leadership.

• For better, voluntary REDD projects continue to spark international interest and investment. Market actors are continuing to improve procedures to ensure environmental and social safeguards are in place to protect the livelihoods of affected communities located in areas of conservation action.
• For worse, the carbon market has seen little positive impact from the Durban meetings.