U.S. and China Stand Firm at UN Climate Change Summit

It appears that both the U.S. and China are holding firm in their stance against mandatory GHG emissions reductions.  China has always said that they are a developing nation, undergoing industrialization:

"China is in the process of industrialization and there is a need for economic growth to meet the basic needs of the people and fight against poverty," said Su Wei, a member of the country's delegation at the U.N. Climate Change Conference in Bali.

"I just wonder whether it's fair to ask developing countries like China to take on binding targets or mandatory targets," Su said. "I think there is much room for the United States to think whether it's possible to change (its) lifestyle and consumption patterns in order to contribute to the protection of the global climate."

Meanwhile, at home in the U.S., the Senate Environment and Public Works Committee passed a bill Wednesday to cut U.S. emissions by 70 percent by 2050 from electric power plants, manufacturing and transportation. The bill now goes to the full Senate.

The climate change summit in Bali is only half over - the talks will continue through December 14th.  What do you think will come of it?