On July 1, 1944, leaders of the Alliedcountries met in Bretton Woods,New Hampshire, to create new globalinstitutions, the IMF and the WorldBank, that would stand the test oftime. 55 years later world leaders metin Copenhagen to solve the globalissue of climate change. This time themeeting ended in almost total failure.Why? This book argues that themain problem is the lack of strong institutions.Instead of trying to make190 nations reach consensus, the 13top emitters should create a MajorEmitters Forum. A World ClimateOrganisation could link world emissionsmarkets and create an exchangerate that would allow outsiders toplug in. Institutions for linking, fundingand sanctioning would give climatenegotiations a fresh start.
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