There are seven key elements to an equitable,efficient and effective global climate deal: defining aglobal target for 2050, with intermediate targets tokeep countries on track and provide certainty to theprivate sector; building a genuinely global carbonmarket, through linking regional schemes; developingand reforming the emissions credit system toaccelerate low-carbon growth in developingcountries; establishing sectoral agreements toprovide for partial commitments in emergingcountries and address concerns over tradecompetition and ‘carbon leakage’; funding thedevelopment, demonstration and transfer of low-carbon technology; financing reduced emissions fromdeforestation; and funding adaptation, particularlygiven climate change’s disproportionate impact onthe poorest and most vulnerable.The political dimension of climate change isbecoming increasingly visible. It is public demandwhich will promote action. Climate change needs notadjustment but a profound transformation of our societies. As a common risk, it can create thepolitical space for social change. Progressive leadersseek equity and social justice as well as growth. Therisks of climate change mean that must now includethe protection of environment. Without thatprotection neither sustained growth nor global justicecan be achieved.