AGL 37.25 Decreased By ▼ -0.10 (-0.27%)
AIRLINK 124.02 Decreased By ▼ -1.37 (-1.09%)
BOP 5.62 Increased By ▲ 0.08 (1.44%)
CNERGY 3.72 Decreased By ▼ -0.03 (-0.8%)
DCL 8.25 Increased By ▲ 0.31 (3.9%)
DFML 40.27 Decreased By ▼ -2.03 (-4.8%)
DGKC 85.74 Decreased By ▼ -2.21 (-2.51%)
FCCL 32.60 Decreased By ▼ -0.65 (-1.95%)
FFBL 66.50 Decreased By ▼ -0.90 (-1.34%)
FFL 10.16 Decreased By ▼ -0.47 (-4.42%)
HUBC 103.10 Decreased By ▼ -2.45 (-2.32%)
HUMNL 13.40 Increased By ▲ 0.55 (4.28%)
KEL 4.25 Decreased By ▼ -0.11 (-2.52%)
KOSM 7.18 Decreased By ▼ -0.47 (-6.14%)
MLCF 38.30 Decreased By ▼ -0.58 (-1.49%)
NBP 65.01 Decreased By ▼ -4.49 (-6.46%)
OGDC 173.80 Decreased By ▼ -2.10 (-1.19%)
PAEL 24.90 Increased By ▲ 0.04 (0.16%)
PIBTL 5.80 Increased By ▲ 0.13 (2.29%)
PPL 142.70 Increased By ▲ 2.95 (2.11%)
PRL 22.98 Decreased By ▼ -0.16 (-0.69%)
PTC 15.11 Increased By ▲ 0.08 (0.53%)
SEARL 65.35 Decreased By ▼ -3.65 (-5.29%)
TELE 7.00 Increased By ▲ 0.05 (0.72%)
TOMCL 36.91 Decreased By ▼ -0.04 (-0.11%)
TPLP 7.34 Increased By ▲ 0.11 (1.52%)
TREET 14.28 Decreased By ▼ -0.07 (-0.49%)
TRG 49.70 Increased By ▲ 0.05 (0.1%)
UNITY 26.15 Decreased By ▼ -1.60 (-5.77%)
WTL 1.24 Decreased By ▼ -0.01 (-0.8%)
BR100 9,601 Decreased By -94.6 (-0.98%)
BR30 28,573 Decreased By -310.6 (-1.08%)
KSE100 90,287 Decreased By -577.5 (-0.64%)
KSE30 28,343 Decreased By -212.3 (-0.74%)

China agreed Saturday with the United States to scale back production of "super greenhouse gases" used in refrigerators and air conditioners in a joint bid to fight climate change. The two nations made the pledge after a closely watched first summit between Presidents Barack Obama and Xi Jinping, who lead the world's top two emitters of greenhouse gases blamed for the planet's increasingly volatile climate.
In a statement, China and the United States "agreed to work together" through an international body to "phase down the production and consumption" of hydrofluorocarbons (HFCs), dubbed super greenhouse gases for their pollution. The White House said that a global phasedown of HFCs could reduce carbon emissions by 90 gigatons by 2050 - equivalent to around two full years worth of the world's greenhouse gas emissions.
China - by far the largest producer of HFCs - had until recently resisted efforts by the United States and other wealthy nations to scale back the super greenhouse gases, arguing that alternatives in appliances were not fully ready. But China agreed in April to end HFC production by 2030 as part of a $385 million assistance package by wealthy countries under the Montreal Protocol, which was set up to fight the depletion of the ozone layer.
China and other developing nations such as India had initially argued that the Montreal Protocol was not the best instrument to target HFCs and that the issue should instead by handled under the Kyoto Protocol on climate change. Some critics accused China of holding off on ending HFC production as it wanted to keep the flow of money from European Union nations that can earn credits for carbon emissions by cleaning up dirty production overseas.
The US-China statement made clear that HFCs would remain within the scope of the Kyoto Protocol and the related UN Framework Convention on Climate Change "for accounting and reporting of emissions." The statement said that China and the United States would work together at the Montreal Protocol. The United States, Canada and Mexico - along with Micronesia, which greatly fears rising sea levels from climate change - have proposed a global end to HFCs through the Montreal Protocol.

Copyright Agence France-Presse, 2013

Comments

Comments are closed.