South Africa - China open to talks on Kyoto extension

Durban, South Africa (China Daily/ANN)- The European Union's conditions before signing a second commitment period of Kyoto Protocol is "not fair" for developing countries, but China is open to negotiation, China's leading climate negotiator, Su Wei, said on Tuesday.

The Kyoto Protocol, effective since 1997, is the only international treaty that sets binding greenhouse gas reduction targets for industrialized countries. And its first commitment period expires next year.

EU has said it will only extend targets under the protocol provided there will be a timetable for negotiating a single legally binding instrument joined by China and US.

"The new conditions are already beyond the mandate agreed in previous talks, namely the Bali Roadmap agreed in 2007," he said.

"I think EU is just shifting the goalpost from one place to another," Su said. "This is actually not an efficient way to do things, because we need to accomplish the goals one by one."

"But since EU is the group of countries who would seriously consider a second commitment period under the Kyoto Protocol, developing countries are also open and ready to talk to them about how to address that issue," said Su.

We hope "to secure a really effective and legally binding second commitment period of Kyoto Protocol," he said, calling the international treaty a "cornerstone" for climate talks.

And developing countries may refuse to sell carbon credits generated under the Clean Development Mechanism (CDM) to those nations who refuse to join a second commitment period of Kyoto Protocol, he added.

"The market mechanism was designed under Kyoto Protocol to help developed countries implement their emission reduction targets in the first commitment period," he said. "So if there is no target, why CDM?"

Li Jing in Durban/China Daily | ANN

Business & Investment Opportunities

YourVietnamExpert is a division of Saigon Business Corporation Pte Ltd, Incorporated in Singapore since 1994. As Your Business Companion, we propose a range of services in Consulting, Investment and Management, focusing three main economic sectors: International PR; Healthcare & Wellness;and Tourism & Hospitality. We also propose Higher Education, as a bridge between educational structures and industries, by supporting international programs. Sign up with twitter to get news updates with @SaigonBusinessC. Thanks.