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He then seemed to endorse a European Union proposal to adopt a "road map" for future discussions leading to a formal climate change treaty to be completed by 2015 and to take effect in 2020.
As Boykoff concluded: "These considerations of 'who speaks for climate' via mass media may be as important as formal climate governance architectures themselves to the long-term success or failure of efforts to take carbon out off the atmosphere or keep it out" (p. 188).
Titled "Climate Risk Disclosure by Insurers," the report found that, despite a broad industry consensus on increased risks from climate change, on average only one in eight insurance companies has a formal climate change policy in place — and that such policies tend to focus narrowly on extreme coastal weather.
First, we must press forward in implementing the EU commitment to reduce domestic emissions by at least 40%, deliver further robust ETS reform, bring forward the EU's formal climate pledge for the Paris climate summit and prepare the options for how we might increase EU ambition in the context of a comprehensive global climate deal.
Moutinho says signals from the government suggest Brazil's formal climate change pledge could be "more robust".
Although the summit is not part of formal climate treaty negotiations, it kicks off a crucial 15 months for climate talks and will be attended by more than 125 heads of state and government although the line-up is missing the leaders of India and China, the world's largest carbon emitter.
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Some have already criticised this approach for bypassing the UN's formal climate-negotiations process.
The skeletal agreement was not formally adopted by the conference, is not binding on the parties and sets no deadline for reaching a formal international climate change treaty.
"Are we going to continue America's innovation leadership or are we going to fall behind?" Formal UN climate negotiations do not start until tomorrow but delegates already have been engaged in back-room diplomatic talks, indicating the areas where progress could be possible, without making public their negotiating positions.
The SEC's formal guidance on climate risk disclosure, issued in response to an investor petition, details how material climate risks must be disclosed by companies in their financial filings.
Negotiations like the talks that concluded here early Saturday do not give businesses or investors a formal role in climate policy, consigning them instead to hold side events in hotels far from the conference center.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com