Australia Ready to Join Europe in Reducing Emissions with Extended Kyoto Pledge

Australia Ready to Join Europe in Reducing Emissions with Extended Kyoto Pledge | Renewable Energy News Article

renewableenergyworld.com 09 Nov '12, 3pm

Australia Ready to Join Europe in Reducing Emissions with Extended Kyoto Pledge

Australia is also prepared to raise its 2020 target for cutting emissions from 5 percent to as much as 15 percent or 25 should other countries take similar steps, Combet said today at the Carbon Expo in Melbourne. More important than extending Kyoto is reaching a new climate agreement that binds the U.S. and China to emissions reductions, he said. “While Australia is doing our fair share, we expect the same from others,” he said. “The Kyoto Protocol is not enough on its own. It will cover less than 15 percent of global greenhouse gas emissions and only from developed countries.” The European Union, overseeing the world’s largest emissions market, and Australia, which agreed to link with the EU system starting in 2015, are increasingly in sync on climate policies. Besides agreeing to an extended commitment to the 1997 Kyoto treaty, the EU and Australia are holding out the p...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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