Weak Agreement Better Than No Agreement?

Last month, world leaders participated in the United Nations Climate Change Conference in Copenhagen, Denmark. At this conference, President Barack Obama of the United States and leaders of the BASIC Group (President Luiz Inacio Lula da Silva of Brazil, President Jacob Zuma of South Africa, Prime Minister Manmohan Singh of India, and Premier Wen Jiabao of China) created the Copenhagen Accord. The Copenhagen Accord acknowledged the continuation of previous agreements such as the Kyoto Protocol. Moreover, it established a maximum...