There was plenty of finger pointing after world leaders at the Copenhagen Summit failed to agree on binding emission targets - many blaming the U.S. and China. As the world’s two largest emitters, the U.S. and China offer the greatest opportunity for achieving meaningful reductions in global greenhouse gas emissions. Climate change mitigation presents an area of mutual interest and bilateral cooperation, and could also serve to strengthen U.S.-China relations. How meaningful was the "Copenhagen Accord" reached at the Summit and what are U.S. and Chinese commitments to date? What are the prospects for a transparent reporting and verification system? What are the roadblocks for the U.S. and China in reaching binding commitments on emissions and how can they cooperate in tackling climate change? Orville Schell is the Arthur Ross Director of the Center on U.S.-China Relations at the Asia Society, New York. He was previously Dean of the Graduate School of Journalism at the University of California, Berkeley. Mr. Schell is the author of 14 books, including The China Reader: The Reform Years and Mandate of Heaven: The Legacy of Tiananmen Square. He serves on the boards of Human Rights Watch, the Sundance Documentary Fund jury and the Social Science Research Council. He is also a member of the Pacific Council, the Council on Foreign Relations and a regular participant in the World Economic Forum at Davos. Mr. Schell graduated from Harvard in Far Eastern History and received his PhD in Chinese History at the University of California, Berkeley.