As far as Kyoto 2.0 goes — which most likely means, distilled, that whatever the covered few promise on emissions is just fine, as long as they pay.
Euractiv reports that a broad climate deal in Copenhagen in December is growing increasingly unrealistic as the latest round of climate talks in Bonn produced disappointing results. The question of funding for climate change mitigation and adaptation in developing countries remains the main stumbling block.
We should not even darken the doorstep of such talks. Also, remember that “maybe in 40 years” is Mandarin for “no.”