Kyoto Treaty News
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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.
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China said a rift with industrial nations over the Kyoto Protocol’s rules on greenhouse gas risks destroying the international response to global warming, raising the chance this year’s talks in South Africa will fail.
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Australia plans to renew its binding pledge to reduce emissions under the Kyoto treaty, breaking ranks with neighboring New Zealand and further aligning itself with the European Union.
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China said that scrapping the 1997 Kyoto protocol on global warming would threaten chances for an agreement to curtail climate change at a United Nations meeting in Cancun, Mexico this week and next.
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European Union governments agreed to seek full banking of unused United Nations emission rights for after 2012 and a limit on their sale in a bid to facilitate a global deal on extending the Kyoto Protocol.
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The world needs an alternative system to the Kyoto Protocol treaty which regulates the gases blamed for global warming, former South Korean Prime Minister Han Seung-soo said.
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Russia said the Kyoto Protocol limiting greenhouse gas emissions shouldn’t be extended and countries instead should focus on forging a new treaty to fight climate change.
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Australia and New Zealand, which sponsor the most developed carbon markets outside Europe, say they won’t agree to remain part of the Kyoto treaty unless other countries bolster efforts to curb emissions.
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The push to extend legal restrictions on carbon emissions is deadlocked, threatening the United Nations climate program based around the Kyoto Protocol, said the head of the U.S. delegation at talks in Germany.
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The Obama administration reiterated its opposition to global talks for a new climate change deal by 2015, putting the fate of the 1997 Kyoto Protocol in question.
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