China urges climate agreement
Source: Agencies |
November 24, 2010, Wednesday
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PARTICIPANTS in next week's United Nations climate conference in Mexico need to agree on financing and technology transfer arrangements to help developing nations reduce greenhouse gas emissions, China's climate envoy said yesterday.
A deal would be key to winning the support of developing nations for a binding agreement on carbon emission reductions to succeed the 1997 Kyoto Protocol due to expire in 2012, Xie Zhenhua told reporters in Beijing.
"What is particularly important is that we need to move toward a substantive outcome on financing and technology transfer, issues developing countries watch most closely, so that we can lay a rock-solid foundation for reaching a legally binding outcome in South Africa next year," Xie said.
In Copenhagen last year, rich nations pledged to give developing countries US$30 billion over three years to deal with mitigating and adapting to climate change, with a goal of US$100 billion by 2020.
Countries are also looking to agree on more elements of a complex plan to pay developing countries for protecting their forests, and on making it easier for poorer nations to obtain technologies for clean energy and climate adaptation.
But the US and China are still at loggerheads over key components of a new treaty. The US wants China and other developing countries to commit to mandatory curbs and submit to international verification. Meanwhile, China says the US and other wealthy countries should make bigger cuts in emissions, reflecting their larger historical contribution to greenhouse gases.
A deal would be key to winning the support of developing nations for a binding agreement on carbon emission reductions to succeed the 1997 Kyoto Protocol due to expire in 2012, Xie Zhenhua told reporters in Beijing.
"What is particularly important is that we need to move toward a substantive outcome on financing and technology transfer, issues developing countries watch most closely, so that we can lay a rock-solid foundation for reaching a legally binding outcome in South Africa next year," Xie said.
In Copenhagen last year, rich nations pledged to give developing countries US$30 billion over three years to deal with mitigating and adapting to climate change, with a goal of US$100 billion by 2020.
Countries are also looking to agree on more elements of a complex plan to pay developing countries for protecting their forests, and on making it easier for poorer nations to obtain technologies for clean energy and climate adaptation.
But the US and China are still at loggerheads over key components of a new treaty. The US wants China and other developing countries to commit to mandatory curbs and submit to international verification. Meanwhile, China says the US and other wealthy countries should make bigger cuts in emissions, reflecting their larger historical contribution to greenhouse gases.
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