The 20th annual “Conference of the Parties” to the UN’s 1992 climate treaty (“COP-20”) is in its second week in Lima, Peru and the news is the same as from pretty much every other one.

You don’t need a calendar to know when these are coming up, as the media are flooded with global warming horror stories every November. This year’s version is that West Antarctic glaciers are shedding a “Mount Everest” of ice every year. That really does raise sea level—about 2/100 of an inch per year. As we noted here, that reality probably wouldn’t have made a headline anywhere.

The meetings are also preceded by some great climate policy “breakthrough.” This year’s was the president’s announcement that China, for the first time, was committed to capping its emissions by 2030. They did no such thing; they said they “intend” to level their emissions off “around” 2030. People “intend” to do a lot of things that don’t happen.

During the first week of these two-day meetings, developing nations coalesce around the notion the developed world (read: United States) must pay them $100 billion per year in perpetuity in order for them to even think about capping their emissions. It’s happened in at least the last five COPs.

In the second week, the UN announces, dolefully, that the conference is deadlocked, usually because the developing world has chosen not to commit economic suicide. Just yesterday, India announced that it simply wasn’t going to reduce its emissions at the expense of development.

Then an American savior descends. In Bali, in 2007, it was Al Gore. In 2009, Barack Obama arrived and barged into one of the developing nation caucuses, only to be asked politely to leave. This week it will be Secretary of State John Kerry, who earned his pre-meeting bones by announcing that climate change is the greatest threat in the world.

I guess nuclear war isn’t so bad after all.

As the deadlock will continue, the UN will announce that the meeting is going to go overtime, beyond its scheduled Friday end. Sometime on the weekend—and usually just in time to get to the Sunday morning newsy shows—Secretary Kerry will announce a breakthrough, the meeting will adjourn, and everyone will go home to begin the cycle anew until next December’s COP-21 in Paris, where a historic agreement will be inked.

Actually, there was something a little different in Lima this year: Given all the travel and its relative distance from Eurasia, COP-20 set the all-time record for carbon dioxide emissions associated with these annual gabfests.