"But China and the 137 emerging economies want up to 1pc of global GDP – or $600bn a year starting as soon as possible – causing tension at the summit."

So now in addition to 40 mil US welfare slugs, we have 38 nations with their hands out? I am reminded of a quote by (I think) M Thatcher: "The problem with socialism is that you soon run out of other peoples money to give away"

Since 2002, the US has reduced carbon emmisions by 3%. I doubt we would do any different in the future with or without the new socialistic plans to increase the price of everything.