Friday morning, I braved the snow, wind and sub-zero temperatures and hopped on the train around 7.30 a.m. to avoid what was billed as "extensive delays" as the 119 heads of state would be making their way to the Bella Center.
The main questions on the train were "when does he touch down?", "has he arrived?", and "will he be able to help seal the deal?" And just after 9 a.m., Barack Obama's Air Force One touched down at Copenhagen Airport.
Meanwhile, delegates had been hard at work for much of the night. We understood that 26 ministers met the night between Thursday and Friday, preparing the core document for the leaders.
On Friday we spent a lot of time waiting. First we waited for the Heads of State to take their seats. Word in the corridors had it that they had agreed to 2 degrees, which would imply serious emission reductions, as well as to the provision of long term finance. The issue of whether any agreement on emissions reduction is "MRV-able", i.e. whether emission reductions are monitorable, reportable and verifiable, has been key when it comes to reductions from the economies in transition such as India, China, Brazil, and others. These countries can only accept MRV on the condition that the developed countries make an ambitious and legally binding target for emission reductions. The developed countries, meanwhile, have put serious cash on the table, on the condition that the big emerging economies will commit to MRV. Further, the governance and financial architecture of the resources, should they be realized, remained unclear. The G-77 has pushed direct access to the financial mechanism, as well as for giving the COP the power to appoint the Board for the mechanism, while other countries have been more comfortable drawing on existing financial institutions and mechanisms.