Wednesday, December 16, 2009

Copenhagen conference approaches end: Will a deal bind in 2010?

UN Secretary-General Ban Ki-moon requested negotiators at the climate talks in Copenhagen to complete a legally binding climate treaty as early as possible.

A deal is looking uncertain as divisions between developed and developing nations over greenhouse gas emission reduction targets and financing were eroding chances.

Ban praised China's efforts in reducing its emissions. China has taken measures by cutting 40 to 45 percent of energy intensity (per GDP unit) by 2020."

The United States pledged to cut emissions by 7 percent by 2020 against the 1990 level in the Kyoto Protocol. But the country later refused to ratify the document.

The European Union has committed to a reduction of 20 percent from 1990 levels and said it would raise the goal to 30 percent if others, first and foremost the United States, aim higher.

The Copenhagen conference, which was to end Friday, aims for a new global deal on climate change as the first commitment period of the Kyoto Protocol expires in 2012.

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