Abbott will soon look like a genius for refusing to drag Australia to yet another climate fiasco

As for China, their leaders' priority is to grow their economy at 7-8% annually and to reduce poverty; and the cheapest way of doing so is via carbon energy (president Xi did not even mention climate change in his address to parliament yesterday.) True, Beijing is investing in renewable energy projects and piloting cap and trade schemes in some provinces. But China is also building a coal-fired power plant every 8-10 days and its net emissions continue to escalate steadily (on 1990 levels, Australia is set to cut its greenhouse gas emission by 4% by 2020.)

Any "deal" at Paris will merely give China and India a free rein until the 2030s without any binding obligation to be monitored and scrutinised by the west on their actual behaviour. That is why Abbott is wise to make any Australian climate policies conditional on a legally binding, verifiable, enforceable and genuinely global agreement to replace the Kyoto protocol. Even the Germans have essentially done that.

What is shaping up now, as Benny Peiser of the London-based Global Warming Policy Forum predicts, is a huge blame game over the likely failure to agree to a post-Kyoto treaty. China and India will blame the west for its failure to deliver $100 bn per annum – yes, $100bn – that was promised at Copenhagen. Obama and the left will blame the Republicans. The EU will blame the Americans. Climate enthusiasts and developing nations will blame all and sundry.

And Abbott will look like a genius for keeping Australia on the margins of yet another climate summit fiasco.