At the ongoing UN conference on climate change, COP 15, a group consisting of African countries plus the Basic block, Brazil, South Africa, India and China, have drawn up a text for a new global agreement. However, the text is only "ready in the wings", if any of the other group springs a surprise draft then the G-77 would put out this text.

In a speech planned Tuesday before the UN climate conference in Copenhagen, Governor Arnold Schwarzenegger says countries cannot solve the problem of climate change without the help of states, cities, regions, activists, scientists and universities. He will encourage international agreements but say that won't be enough to combat global warming. He also committed California to cutting greenhouse gas emission to 1990 levels by 2020 about 30% cut from projected emissions.

Australian Prime Minister Kevin Rudd urges developed nations as well as emerging economies to compromise and show more flexibility.

On Tuesday, Rudd will meet with his Japanese counterpart Yukio Hatoyama as well as Foreign Minister katsuya Okada as he makes a one day stopover on his way to UN climate summit in Copenhagen. Rudd, who has been appointed a deal, brokering "friend of the chair" by the Danish Prime Minister Lars Lokke Ramussen, has been forced to lead to Copenhagen without parliamentary approval of his proposed carbon trade laws.

The Japanese Prime Minister Yukio Hatoyama will bring along an offer of 10 billion US dollars to help developing countries fight global warming. The pledge of 10 billion dollars over three years, including steps to protect biodiversity is more than previously announced.

As of Tuesday, UN negotiators have failed to agree on the financial aid that the US, Japan and other developed nations will give to the developing world to cope with climate change.

German Chancellor Angela Merkels voiced concern Tuesday about the pace of climate negotiations in Copenhagen and said she is "somewhat nervous" about prospects of success. The crucial conference in the Danish capital, which is due to end Friday, has been marked by deep divisions between rich and poor nations. It is supposed to deliver a deal to curb emissions of the gases that cause global warming.

China will no longer take the lion's share of international funding for carbon mitigation projects under the UN backed clean development mechanisms (CDM). The statement were first interrupted as if china would refrain totally from any financing under the scheme, but that view has now been corrected. So far the majority of internationally funded projects under the Kyoto Protocol have been in according to vice Foreign Minister Heyofei.

As the first emerging economy to take an absolute reduction commitments South Korea hopes to play a key role in Copenhagen where on Thursday President Lee Myung back will also offer to host the 2012 UN conference on climate change.

South Korea recently announced that it will cut its greenhouse gas emissions by 4% by 2020 compared to 2005 levels. This makes the country the first emerging economy to take on an absolute reduction commitment and not only relative commitment compared to a business as usual scenario.

As leads of states and governments were beginning to arrive at Copenhagen, a ceremony Tuesday marked the formal opening of the final high level stage of the ongoing UN conference on climate change COP 15.