10 Dec '11, 12am

As Durban deadline draws near, big carbon emitters should cut a deal

As Durban deadline draws near, big carbon emitters should cut a deal

Cross-posted from Climate Progress . The expected endgame of the international climate talks in Durban is shaping up to be a fierce standoff. A showdown has emerged between the E.U. and other parties over their conditions for agreeing to a second commitment period of the Kyoto Protocol. The first commitment period will expire in 2012. If it is not renewed, the fate of the instruments that support the world's fragile carbon market is uncertain. Japan, Russia, and Canada have all signaled that they are unwilling to continue with a second commitment of binding emissions cuts for the treaty, leaving only the E.U. ready to move forward. But the conditions the E.U. has asked for at this meeting to preserve the Kyoto Protocol are steep. In exchange for their commitment, they expect everyone else -- in particular the other large greenhouse-gas emitters like the U.S., China, and In...

Full article: http://www.grist.org/climate-change/2011-12-09-as-durban-...

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