Climate Gridlock in Copenhagen

The landmark climate talks in Copenhagen, according to most accounts, seem to be grinding to a deadlock, making it a distinct possibility that the talks - hailed as the last chance to stop permanent climate change - will end without a binding agreement.

There will be a lot more to say on the topic later, but so far the quote of the day has to go to Venezuela's Hugo Chávez who quipped earlier on his belief that the world's developed nations are standing in the way of an agreement: "if the climate were a bank it would have been saved already."