Late-breaking news bytes: Thur Nov. 5
Updates brought to you by the ENB team members throughout the day:
Informal approaches by Argentina to countries in the Latin Group and the G-77
are reported to be meeting with "encouraging" results. The COP-4 President,
Maria Julia Alsogaray, Secretary of Natural Resources and Sustainable Development of
Argentina, has also received indications of co-operation with informal consultations from
all the Annex I countries.
European Union representatives have signaled that they will object to any
attempt by the JUSSCANZ group to establish a market-based burden sharing arrangement,
within the context of flexible mechanisms, cutting the EU out of the deal. The EU would
object on the grounds that markets must operate on the basis of transparency.
The US has described some progress in informal discussions based on the
position papers on flexible mechanisms circulated Wednesday. Common ground has been
identified in the positions circulated by the EU, the Umbrella Group and
Mexico. Thursday was the day the "rubber met the road" according to a senior US
negotiator