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Saturday, August 27, 2011

Emerging powers call for extending climate deal - Yahoo! Singapore Finance

Emerging powers call for extending climate deal - Yahoo! Singapore Finance
Posted by RAYLOKE at 6:03 PM

1 comment:

  1. RAYLOKEAugust 27, 2011 at 6:04 PM

    The Durban meeting is seen as the last chance to renew the Kyoto Protocol, whose initial five-year commitment period, covering 37 industrialized countries, expires at the end of 2012.

    Its future is uncertain because China and the United States, the world's top two polluters, are not subject to its constraints.

    Japan, Canada and Russia have all rejected a new round of carbon-cutting commitments, and the United States and the European Union have already said there is zero chance of reaching a binding emissions deal in Durban.

    Brazilian Foreign Minister Antonio Patriota said Friday that the four emerging market countries have "done a lot to combat climate change and presented ambitious objectives."

    "We demand that industrialized countries set more meaningful objectives toward CO2 reductions than what they have presented up to now," he said.

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