In a press conference with Secretary of State Hillary Clinton, the U.S. laid down its climate cards, putting a pledge to help raise a $100 billion annual fund for climate adaptation (aka reparations) and the following carbon reduction targets in alignment with the ACES climate bill:

But Clinton made it very clear that all of these pledges were contingent upon open and transparent accounting of each nation’s annual carbon emissions, something that China has clearly stated it would not do, calling it a violation of the nation’s “sovereignty.”

Now, unless China hits back, a failure at Copenhagen will almost certainly go down in history as the failure of the Chinese. Naomi Klein howver called this climate "blackmail." Here's her talking about the conference on Fora: