The chance of a deal now being reached that looks anything like it was first envisioned in 2001 is next to nothing.

I'm not sure that anybody is ready to put their cards on the table. They should be ready if they are serious about the April deadline but nothing coming out of Geneva or the capitals of the G6 gives me much sense that the ducks are all in a row.

At some point, you have to say the emperor's got no clothes and call the bluff of the rich countries. It's the same tactic every time.

It's true that there are some things on offer, but the question is how much developing countries have to pay to get those.