Word: protocol
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...carbon emission reductions, and how to help developing nations that stand to lose the most from climate change adapt to a warmer world. That latter issue is a chief sticking point for the ongoing U.N. climate negotiations, in which governments are working to produce a successor to the Kyoto Protocol at the Copenhagen summit in December. While poor nations have demanded funds to help them develop sustainably and prepare for warming, rich nations have so far been slow to promise money. "Climate financing is going to be absolutely key if we're going to have a deal in Copenhagen," says...
...announcement were fuzzy - aside from the fact that it would be called the Panda Standard - the move is an early step toward creating a voluntary carbon-trading system in China. Although China is still very far from accepting the mandatory carbon caps used by countries covered by the Kyoto Protocol - Hu emphasized the importance of economic development first in his speech - the Panda Standard is a sign that China could see a stake in the creation of a global carbon market. "Any carbon market inside China has the potential to be a game changer," says David Yarnold, the executive director...
...behind. The world's biggest country is now its biggest carbon emitter, and its sheer rate of economic expansion - fueled chiefly by polluting coal - ensures China won't lose that spot anytime soon. While the U.S. earned the world's antipathy for refusing to sign on to the Kyoto Protocol, China, as a developing nation, had no requirements under that pact - and rarely seemed interested in stepping up to its responsibilities within the U.N. climate-change process. While the standoff between the U.S. and China - over who needed to cut carbon emissions and who needed...
China is already involved in the emerging global carbon market - companies in the developed world can sponsor carbon-cutting projects in China under the Kyoto Protocol to earn offsets. But the CBEEX-BlueNext collaboration could allow Chinese companies themselves to begin to get involved in the offset market, just as voluntary markets in the U.S. have done for American companies. For now, the standard will focus on agriculture and forestry projects, with expectations that it will grow to cover Chinese transportation, power and manufacturing. "We think that Chinese companies are very aware of their greenhouse-gas emissions and climate change...
...IPCC meeting in Copenhagen to replace the ineffective 1997 Kyoto Protocol will be critical for the world’s future, and the U.S. must show initiative in helping to develop a system of short- and middle-term targets and emission reductions for all nations, including developing nations. In such a system, the massively growing nations of China and India will play a critical role. Just as the United States doomed the Kyoto Protocol by rejecting it, the non-participation of any nation in the upcoming Copenhagen talks will sap it of its significance...