China digs in on rich-poor climate pact divide
Author: Chris Buckle
treaty and was preparing to cope with a “gap” in the pact after 2012 if rich nations
fail to add new greenhouse gas goals in time.
city of Tianjin on the shape of a successor pact to the Kyoto Protocol, the U.N.’s
main weapon in the fight against climate change.
expires in 2012 and there’s no clarity on what happens after that, worrying investors
in clean-energy projects who want long-term certainty on climate policies and
a senior Chinese climate change negotiator, referring to a possible gap in Kyoto.
prejudging the negotiations,” he added.
a gap after 2012 and to ensure certainty for the U.N.’s $2.7 billion carbon market
that is part of Kyoto.
and poor nations, particularly over the issue of how to share the burden in emissions
cuts to avoid dangerous climate change, which scientists say could trigger more
extreme weather, crop failures and much higher sea levels.
under Kyoto, with the big exception of the United States, which refused to become
obliged to take voluntary steps to curb the growth of their emissions.
that either-or division to reflect the surge in emissions from the developing
world, which is now responsible for more than half of mankind’s annual greenhouse
make their voluntary emissions reduction efforts legally binding, regularly reported
thinking about how to handle the likelihood that the first phase of Kyoto could
expire with no full legal extension to replace it.
that could trouble higher level negotiations in Cancun, Mexico, in less than two
months that are intended to lay the foundations for a new, legally binding climate
for Kyoto in time to ensure a seamless extension of the agreement from 2013.
in the second phase (of Kyoto), then after Cancun we’ll accelerate the process.
I think that at the most we can’t delay it beyond a year.”
bitter meeting in Copenhagen, which produced a non-binding accord that later recorded
the emissions pledges of participant countries.
a new treaty. The United States is pushing China and other powers to jump aboard
a proposed new pact built on the Copenhagen Accord.
that Washington was opposed to a treaty that preserved the divide between rich
and developing economies, which he called outmoded.