Tagged: Climate – Sanctions

Hopes for Copenhagen climate deal fade

Reuters | Thu Dec 17, 2009 | 2:09pm IST

Prospects for a strong U.N. climate change deal grew more remote on Thursday at the climax of two years of talks, with developed and developing nations deadlocked on sharing cuts in greenhouse gases. Dozens of heads of state were arriving in the Danish capital to address the Dec. 7-18 conference, which is meant to sign a new pact to curb greenhouse gas emissions on Friday. Ministers have struggled to craft a coherent text for the leaders to sign because they have so far failed to close a rift over how far the developing world should join industrialised countries in cutting carbon emissions. A Danish proposal to break the talks into smaller groups to speed up progress foundered on opposition from poor countries, backed by top greenhouse gas emitter China. “There was no progress overnight in consultations on how to consult,” said a source who declined to be identified. “We are in serious trouble. There is hope that the arrival of Lula (Brazil) and the Chinese PM might unblock this.”

China told participants it saw no possibility of achieving a detailed accord to tackle global warming, an official from another nation involved in the talks said early on Thursday. The official, who asked not to be identified, told Reuters the Chinese had instead suggested issuing “a short      Continue reading

Trade Discord Fuels US, China Tension in Copenhagen

Bloomberg | December 15, 2009 | 16:11 EST

China is demanding that a global agreement to reduce greenhouse gases prohibit nations from imposing trade sanctions, further pitting the world’s No. 1 emitter against U.S. lawmakers. The draft accord from a meeting in Copenhagen to forge a climate treaty bars rich nations from adopting trade actions tied to global warming. China said such language will avert “trade wars.” The U.S. Chamber of Commerce sides with China. “We will always oppose any practice of establishing trade barriers under the guise of protecting the global environment,” Yu Qingtai, China’s climate change ambassador, said in an interview.

A proposed U.S. law would impose tariffs by 2020 on imports of certain goods from nations such as China seen as not doing enough to cut emissions. American politicians and labor groups say pending legislation to cut heat-trapping gases must include tariffs on such nations because they gain competitive advantage. The dispute between China and the U.S., which had record $268 billion surplus last year in China’s favor, illustrates how trade is emerging as a central issue dividing developed and developing countries at the United Nations gathering in the Danish capital.     Continue reading