Kyoto has become a zombie, coming to life after being dead…
Excerpts from Yahoo News
(AP) — A U.N. climate conference reached a hard-fought agreement Sunday on a complex and far-reaching program meant to set a new course for the global fight against climate change for the coming decades.
The 194-party conference agreed to start negotiations on a new accord that would put all countries under the same legal regime enforcing commitments to control greenhouse gases. It would take effect by 2020 at the latest.
The deal also set up the bodies that will collect, govern and distribute tens of billions of dollars a year for poor countries. Other documents in the package lay out rules for monitoring and verifying emissions reductions, protecting forests, transferring clean technologies to developing countries and scores of technical issues.
Currently, only industrial countries have legally binding emissions targets under the 1997 Kyoto Protocol. Those commitments expire next year, but they will be extended for another five years under the accord adopted Sunday — a key demand by developing countries seeking to preserve the only existing treaty regulating carbon emissions.
“This is a very significant package. None of us likes everything in it. Believe me, there is plenty the United States is not thrilled about,” said U.S. climate envoy Todd Stern. But the package captured important advances that would be undone if it is rejected, he told the delegates.
The deal’s language left some analysts warning that the wording left huge loopholes for countries to avoid tying their emissions to legal constraints, and noted that there was no mention of penalties. “They haven’t reached a real deal,” said Samantha Smith, of WWF International. “They watered things down so everyone could get on board.”
The package gave new life to the 1997 Kyoto Protocol, whose carbon emissions targets expire next year and apply only to industrial countries. A separate document obliges major developing nations like China and India, excluded under Kyoto, to accept legally binding emissions targets in the future.
Together, the two documents overhaul a system designed 20 years ago that divide the world into a handful of wealthy countries facing legal obligations to reduce emissions, and the rest of the world which could undertake voluntary efforts to control carbon.
full story at: Yahoo News