I suspect what will happen at the next election is Labour will get the boot, the tories will get in and unlike Brown's band aid measures, will take the proactive step of raising taxes and cutting spending on the NHS and schools (as they have historically). They will start to make progress with restoring the countries cashflow by being financially responsible and after 4 years the voting public will decide that "life was better an cheaper under Labour" and we'll go back the other way.
I suspect that if Labor had known 12 years ago that they were in for 12 years they *might* have achieved something worthwhile, but they didnt, they were in for 4 years 3 times.
For this reason and many more the worlds leaders will continue to want to appear to be doing something about climate change, while not really contributing anything significant.