[Top News] from [REUTERS]
[Green Business]
China unveils carbon target for Copenhagen deal
Thu Nov 26, 2009 2:05pm EST
By Emma Graham-Harrison and Chris Buckley
BEIJING (Reuters) - China unveiled its first firm target to curb greenhouse gas emissions on Thursday, a carbon intensity goal that Premier Wen Jiabao will take to a summit in Copenhagen next month hoping to aid a global climate deal.
The announcement came a day after the United States, the second biggest emitter of greenhouse gases behind China, unveiled a plan to cut emissions by 2020 and said President Barack Obama would attend the U.N.-led talks in Copenhagen.
China said Wen would go to the December 7-18 talks and pledged to cut the amount of carbon dioxide produced for each yuan of national income 40-45 percent by 2020, compared to 2005 levels.
It was hailed as a vital commitment toward rekindling talks to fix a new framework for tackling global warming, although analysts cautioned it was technically quite modest for China.
"The U.S. commitment to specific, mid-term emission cut targets and China's commitment to specific action on energy efficiency can unlock two of the last doors to a comprehensive agreement," said Yvo de Boer, head of the U.N. Climate Change Secretariat.
Danish Prime Minister Lars Lokke Rasmussen praised Wen's decision to attend and said China was "very active and constructive."
Even so, China's emissions were still likely to double by 2020 with the new target, said Frank Jotzo, deputy director of the Australian National University Climate Change Institute.
Without a goal "under a business as usual scenario, China's emissions might increase over two and a half times," he said.
"China has taken what is universally expected to happen, and dressed it up as a new and ambitious policy decision," said Bjorn Lomborg, a Danish statistician and author of "The Skeptical Environmentalist."
The U.N. talks have run out of time to settle a legally binding deal after arguments between rich and poor nations about who should cut emissions, by how much and who should pay. But hopes are growing that a substantive political pact can be agreed at the December meeting instead.
China's target comes after big emitters Brazil and Indonesia announced tough 2020 reduction targets. Wednesday's 2020 target from the United States and Obama's attendance are also expected to help the Copenhagen talks, analysts say.
But in a reminder of the serious disputes that still shadow the summit, China's top climate envoy took aim at developed nations he said were slacking in their efforts to cut emissions and said the new Chinese target was only "domestically binding."
"So far we have not seen concrete actions and substantive commitments by the developed countries," Xie Zhenhua, deputy head of the planning body the National Development and Reform Committee, told a hastily arranged news conference in Beijing.
TOUGH GOAL?
China's cabinet said its goal, which allows greenhouse gas emissions to grow as the economy expands, was a demanding one for the developing country. It will unveil new policies including taxes and financial steps to reach it.
The target does not include carbon sinks, Xie said, and will be calculated based on energy consumption and "production processes" -- probably industrial output. Extra cuts could therefore come from forests, which absorb carbon dioxide.
Vice Foreign Minister He Yafei said the plan "shows China's highly responsible attitude toward the future of mankind."
A five-year drive to boost energy efficiency and renewables by 2010 will take Beijing around half-way to meeting the carbon intensity goal by the end of this decade.
But the country's still-rapid industrialization, and its efforts in recent years, meant harder work for smaller gains in future, said Dai Yande, deputy head of the Energy Research Institute under the National Development and Reform Commission.
"It's an arduous task for China, as everybody knows energy intensity tends to rise during industrialization and thus it's difficult to cut down emissions," Dai said.
NEGOTIATIONS AHEAD
China said the intensity goal was a "voluntary" one that would only be binding domestically, leaving room for negotiation about what international commitments Beijing will sign up for.
"I think the question that will immediately follow this is the favorite three initials that the United States keeps talking about, M, R, and V, how China is going to measure, report and verify these cuts," said Chris Raczkowski, China managing director for Ecofys, a renewable energy consulting company.
As a developing country, China is not obliged by current treaties to accept binding caps on its emissions, and it and other poor countries have said that principle should not change in any new deal that emerges from Copenhagen.
The United States will pledge to cut its greenhouse gas emissions roughly 17 percent below 2005 levels by 2020, a drop of about 3 percent below the 1990 benchmark year used in U.N. treaties -- and far below the 25-40 percent cut outlined by the U.N. climate panel.
Australia's troubled carbon trade scheme was thrown into confusion on Thursday after several opposition lawmakers resigned their party positions and promised to ignore a deal to support the government's planned laws.
(Additional reporting by David Stanway, Jim Bai and Ben Blanchard in BEIJING; Nina Chestney and Gerard Wynn in LONDON and Alister Doyle in OSLO; Editing by Janet Lawrence)
[Green Business]
Australia carbon vote delay raises poll prospect
Fri Nov 27, 2009 2:19am EST
By James Grubel
CANBERRA (Reuters) - Australia's parliament delayed a final vote on a government carbon trade plan on Friday, missing a key deadline, throwing Prime Minister Kevin Rudd's climate change policy into doubt and raising the possibility of a snap election.
Rudd wanted the carbon scheme, central to his promise to cut emissions by between 5 and 25 percent, passed by Friday and ahead of December's global climate talks in Copenhagen, where he will play a key negotiating role.
But the upper house Senate failed to take a vote by the close of business on Friday, and will now return on Monday to continue debate on the package of 11 bills, with the government determined to push the bills through parliament.
"We are committed to this scheme. I believe the Australian public are very strongly committed to action on climate change," Acting Prime Minister Julia Gillard told reporters.
If the proposed laws are defeated again in the Senate, after a first defeat in August, Rudd would have the option of calling a snap election in early 2010 and opinion polls suggest he would win with an increased majority.
The United States, the world's second largest greenhouse gas emitter, is eyeing developments in Australia as its lawmakers make slow progress on their own climate bill in the U.S. Senate.
Rudd had a deal with the opposition to pass the bills and needs seven opposition votes to pass the bills in the Senate.
But an open revolt by climate skeptics within the opposition has thrown the deal into doubt and on Friday prompted a leadership challenge as early as Monday against leader Malcolm Turnbull, who already survived one challenge on Wednesday.
A letter signed by 10 conservative lawmakers called for the fresh leadership vote on Monday, with former conservative minister Tony Abbott saying he will challenge for the job.
But the most likely candidate to replace Turnbull would be his treasury spokesman, Joe Hockey, who has publicly supported the carbon trade deal and who remains loyal to Turnbull.
A change of opposition leader could dramatically change the outlook for the carbon trade laws. A new leader could abandon the deal with the government, making the Senate numbers uncertain.
But if Turnbull holds the job, the laws could still pass through the Senate, although as many as 18 of his senators could defy their leader by voting against the bills.
The government would need seven of the remaining 19 opposition Senators to support the bills for them to pass.
The latest opinion polls show Rudd would easily win an election with an increased majority. The Reuters Poll Trend on Tuesday found Rudd had an almost 11 percentage point lead at 55.4 percent support compared to 44.6 percent for the opposition.
Turnbull ruled out standing down as leader and warned his party to support the laws or face a crushing electoral defeat.
"We would be wiped out," Turnbull told Australian radio. "the vast majority of Australians want to see action on climate change.
"If this legislation is knocked back, Kevin Rudd will have no choice but to go to a double dissolution election. This is a fundamental plank in his platform."
(Editing by Nick Macfie)
[Green Business]
China unveils carbon target for Copenhagen deal
Thu Nov 26, 2009 2:05pm EST
By Emma Graham-Harrison and Chris Buckley
BEIJING (Reuters) - China unveiled its first firm target to curb greenhouse gas emissions on Thursday, a carbon intensity goal that Premier Wen Jiabao will take to a summit in Copenhagen next month hoping to aid a global climate deal.
The announcement came a day after the United States, the second biggest emitter of greenhouse gases behind China, unveiled a plan to cut emissions by 2020 and said President Barack Obama would attend the U.N.-led talks in Copenhagen.
China said Wen would go to the December 7-18 talks and pledged to cut the amount of carbon dioxide produced for each yuan of national income 40-45 percent by 2020, compared to 2005 levels.
It was hailed as a vital commitment toward rekindling talks to fix a new framework for tackling global warming, although analysts cautioned it was technically quite modest for China.
"The U.S. commitment to specific, mid-term emission cut targets and China's commitment to specific action on energy efficiency can unlock two of the last doors to a comprehensive agreement," said Yvo de Boer, head of the U.N. Climate Change Secretariat.
Danish Prime Minister Lars Lokke Rasmussen praised Wen's decision to attend and said China was "very active and constructive."
Even so, China's emissions were still likely to double by 2020 with the new target, said Frank Jotzo, deputy director of the Australian National University Climate Change Institute.
Without a goal "under a business as usual scenario, China's emissions might increase over two and a half times," he said.
"China has taken what is universally expected to happen, and dressed it up as a new and ambitious policy decision," said Bjorn Lomborg, a Danish statistician and author of "The Skeptical Environmentalist."
The U.N. talks have run out of time to settle a legally binding deal after arguments between rich and poor nations about who should cut emissions, by how much and who should pay. But hopes are growing that a substantive political pact can be agreed at the December meeting instead.
China's target comes after big emitters Brazil and Indonesia announced tough 2020 reduction targets. Wednesday's 2020 target from the United States and Obama's attendance are also expected to help the Copenhagen talks, analysts say.
But in a reminder of the serious disputes that still shadow the summit, China's top climate envoy took aim at developed nations he said were slacking in their efforts to cut emissions and said the new Chinese target was only "domestically binding."
"So far we have not seen concrete actions and substantive commitments by the developed countries," Xie Zhenhua, deputy head of the planning body the National Development and Reform Committee, told a hastily arranged news conference in Beijing.
TOUGH GOAL?
China's cabinet said its goal, which allows greenhouse gas emissions to grow as the economy expands, was a demanding one for the developing country. It will unveil new policies including taxes and financial steps to reach it.
The target does not include carbon sinks, Xie said, and will be calculated based on energy consumption and "production processes" -- probably industrial output. Extra cuts could therefore come from forests, which absorb carbon dioxide.
Vice Foreign Minister He Yafei said the plan "shows China's highly responsible attitude toward the future of mankind."
A five-year drive to boost energy efficiency and renewables by 2010 will take Beijing around half-way to meeting the carbon intensity goal by the end of this decade.
But the country's still-rapid industrialization, and its efforts in recent years, meant harder work for smaller gains in future, said Dai Yande, deputy head of the Energy Research Institute under the National Development and Reform Commission.
"It's an arduous task for China, as everybody knows energy intensity tends to rise during industrialization and thus it's difficult to cut down emissions," Dai said.
NEGOTIATIONS AHEAD
China said the intensity goal was a "voluntary" one that would only be binding domestically, leaving room for negotiation about what international commitments Beijing will sign up for.
"I think the question that will immediately follow this is the favorite three initials that the United States keeps talking about, M, R, and V, how China is going to measure, report and verify these cuts," said Chris Raczkowski, China managing director for Ecofys, a renewable energy consulting company.
As a developing country, China is not obliged by current treaties to accept binding caps on its emissions, and it and other poor countries have said that principle should not change in any new deal that emerges from Copenhagen.
The United States will pledge to cut its greenhouse gas emissions roughly 17 percent below 2005 levels by 2020, a drop of about 3 percent below the 1990 benchmark year used in U.N. treaties -- and far below the 25-40 percent cut outlined by the U.N. climate panel.
Australia's troubled carbon trade scheme was thrown into confusion on Thursday after several opposition lawmakers resigned their party positions and promised to ignore a deal to support the government's planned laws.
(Additional reporting by David Stanway, Jim Bai and Ben Blanchard in BEIJING; Nina Chestney and Gerard Wynn in LONDON and Alister Doyle in OSLO; Editing by Janet Lawrence)
[Green Business]
Australia carbon vote delay raises poll prospect
Fri Nov 27, 2009 2:19am EST
By James Grubel
CANBERRA (Reuters) - Australia's parliament delayed a final vote on a government carbon trade plan on Friday, missing a key deadline, throwing Prime Minister Kevin Rudd's climate change policy into doubt and raising the possibility of a snap election.
Rudd wanted the carbon scheme, central to his promise to cut emissions by between 5 and 25 percent, passed by Friday and ahead of December's global climate talks in Copenhagen, where he will play a key negotiating role.
But the upper house Senate failed to take a vote by the close of business on Friday, and will now return on Monday to continue debate on the package of 11 bills, with the government determined to push the bills through parliament.
"We are committed to this scheme. I believe the Australian public are very strongly committed to action on climate change," Acting Prime Minister Julia Gillard told reporters.
If the proposed laws are defeated again in the Senate, after a first defeat in August, Rudd would have the option of calling a snap election in early 2010 and opinion polls suggest he would win with an increased majority.
The United States, the world's second largest greenhouse gas emitter, is eyeing developments in Australia as its lawmakers make slow progress on their own climate bill in the U.S. Senate.
Rudd had a deal with the opposition to pass the bills and needs seven opposition votes to pass the bills in the Senate.
But an open revolt by climate skeptics within the opposition has thrown the deal into doubt and on Friday prompted a leadership challenge as early as Monday against leader Malcolm Turnbull, who already survived one challenge on Wednesday.
A letter signed by 10 conservative lawmakers called for the fresh leadership vote on Monday, with former conservative minister Tony Abbott saying he will challenge for the job.
But the most likely candidate to replace Turnbull would be his treasury spokesman, Joe Hockey, who has publicly supported the carbon trade deal and who remains loyal to Turnbull.
A change of opposition leader could dramatically change the outlook for the carbon trade laws. A new leader could abandon the deal with the government, making the Senate numbers uncertain.
But if Turnbull holds the job, the laws could still pass through the Senate, although as many as 18 of his senators could defy their leader by voting against the bills.
The government would need seven of the remaining 19 opposition Senators to support the bills for them to pass.
The latest opinion polls show Rudd would easily win an election with an increased majority. The Reuters Poll Trend on Tuesday found Rudd had an almost 11 percentage point lead at 55.4 percent support compared to 44.6 percent for the opposition.
Turnbull ruled out standing down as leader and warned his party to support the laws or face a crushing electoral defeat.
"We would be wiped out," Turnbull told Australian radio. "the vast majority of Australians want to see action on climate change.
"If this legislation is knocked back, Kevin Rudd will have no choice but to go to a double dissolution election. This is a fundamental plank in his platform."
(Editing by Nick Macfie)
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