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US joins India & China on emissions cuts, opposes EU targets

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NEW DELHI: A unique alliance of countries, India, China, Brazil, the US, UAE, Indonesia and South Korea, has come about against the proposal by the European Union to impose internationally binding targets to reduce emissions for developed and developing countries under a new treaty by 2015.

The countries came together to oppose the proposal at the recently concluded talks in Cape Town, a ministerial level consultation just before the formal UN talks on climate change commence in November, to start negotiations for a new treaty to be signed by 2015.

The host country, South Africa, staking all to find a formula that results in 'successful' talks, too backed the offer to take an extra step to keep the Kyoto Protocol alive.

The EU has threatened to let Kyoto Protocol die by 2012 unless all countries begin negotiations on a new deal which would break the principle of differentiated responsibilities and impose emission reduction targets for all countries regardless of their economic capacities. They want the deal to be finalized by 2015. Some small island states also came out in support of the proposal in Cape Town.

Even if the developing countries agree to this, EU is only ready to make a mere political statement at Durban in support of the Kyoto Protocol and not really put down the deep emission cuts required by it to keep climate change under control. This would skew the talks further in favour of rich countries after two years of compromise already made by the emerging countries.

The US indicated that it would be agreeable to such a proposition only if the emerging economies such as India, China, Brazil and South Africa are brought on absolutely even keel as it on the commitments, an obvious deal breaker from the start considering the four have no legal obligations of this nature under the UN compact.

But the US has demanded an equal level of international scrutiny for developing economies as it suffers under the regime being worked out. With the US preparing for presidential elections in 2012, it will find it difficult to sell any international climate regime where it takes on targets, especially if China and India are not seen to be taking on similar burdens.

India, Brazil, China and UAE made a robust argument against the move, which would run contrary to the existing UN convention as well as the Bali Action Plan. The four BASIC countries are now slated to meet for the last time before the Durban meet in end November to finalize a joint strategy.
US joins India & China on emissions cuts, opposes EU targets - The Economic Times
 

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