Canada pressures U.S., China, India at climate conference

December 10th, 2007 | Category: Stocks, China, Brazil, Canada

The Bush administration opposes a United Nations draft proposal calling on developed nations to produce binding emissions cuts of 25%-40% by 2020, Bloomberg News reported Monday.

A U.N. draft document will sign for industrialized nations to implement those cuts as part of a proposal to replace the Kyoto Protocol, Reuters reported Monday. Representatives from 187 nations are assembly in Bali for global climate talks.

Environmental and worldly group leaders hope to replace the Kyoto Protocol, which expires in 2012, with the new

U.N. agreement, preferably by 2009. The United States is the only developed nation to reject the Kyoto Protocol.
U.S. senior climate negotiator Harlan Watson said Monday that the U.S.’ “principal difficulty with having any numbers in the text to start with is that it might prejudge outcomes,” Bloomberg News reported.

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Original post by Joseph Lazzaro

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