Canada pressures U.S., China, India at climate conference
Posted by: in Stocks Money NewsFiled under: Other issues, India, China, Canada, Oil
The Bush administration opposes a United Nations draft proposal calling on developed nations to make binding emissions cuts of 25%-40% by 2020, Bloomberg News reported Monday.
A U.N. draft document will call for industrialized nations to implement those cuts as part of a proposal to replace the Kyoto Protocol, Reuters reported Monday. Representatives from 187 nations are meeting in Bali for global climate talks.
Environmental and international group leaders hope to replace the Kyoto Protocol, which expires in 2012, with the new U.N. agreement, preferably by 2009. The United States is the only developed nation to reject the Kyoto Protocol. U.S. senior climate negotiator Harlan Watson said Monday that the U.S.’s “principal difficulty with having any numbers in the text to begin with is that it might prejudge outcomes,” Bloomberg News reported.
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