An article from The Economist summarises yesterdays news about a potential new US committment to reversing climate change. The American plan involves negotiations between the world's big emitters, including developing countries such as China and India, which were not required to cut their emissions under the Kyoto protocol. The aim of the talks would be to set targets by the end of 2008--which, given America's previous hostility to targets of any sort, looks like a concession to the Europeans ahead of next week's summit of the Group of Eight, which will address climate change among other topics. The biofuels market, which has the potential to be a major contributor to reversing climate change is covered in detail by ICIS. To find out more about our biofuels price assessment and biofuels news services click here.