Carbon-market supporters from China to California will push for emissions trading even as they prepare for the end of the United Nations Kyoto Protocol in seven years, Europe’s top climate negotiator said.
Success at climate-change talks in Mexico may depend on companies such as Siemens AG and Wal-Mart Stores Inc. prodding governments into action, said Christiana Figueres , the United Nations climate chief.
Envoys at United Nations global warming talks are working on streamlining their negotiation process for the first time in at least six years, a step toward drafting a treaty by 2015 mandating more greenhouse-gas limits.
Countries participating in United Nations-sponsored carbon trading want to expand and improve the market rather than “kill” it, according to the executive secretary of the UN Framework Convention on Climate Change.
U.S. and European Union envoys said they expect progress on forming a $100 billion fund to fight global warming and on protecting forests at climate talks in Cancun, Mexico, though no treaty will be agreed.
U.S. legislators have disengaged from the fight against global warming, even as the administration of Barack Obama remains committed to its emissions-reduction target, according to the United Nations climate chief.
China has stepped up its efforts to rein in global warming by implementing rules that will cap emissions of greenhouse gasses from its domestic industry, the chief climate negotiator for the United Nations said.