AGL 40.21 Increased By ▲ 0.18 (0.45%)
AIRLINK 127.64 Decreased By ▼ -0.06 (-0.05%)
BOP 6.67 Increased By ▲ 0.06 (0.91%)
CNERGY 4.45 Decreased By ▼ -0.15 (-3.26%)
DCL 8.73 Decreased By ▼ -0.06 (-0.68%)
DFML 41.16 Decreased By ▼ -0.42 (-1.01%)
DGKC 86.11 Increased By ▲ 0.32 (0.37%)
FCCL 32.56 Increased By ▲ 0.07 (0.22%)
FFBL 64.38 Increased By ▲ 0.35 (0.55%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.46 Increased By ▲ 1.69 (1.53%)
HUMNL 14.81 Decreased By ▼ -0.26 (-1.73%)
KEL 5.04 Increased By ▲ 0.16 (3.28%)
KOSM 7.36 Decreased By ▼ -0.09 (-1.21%)
MLCF 40.33 Decreased By ▼ -0.19 (-0.47%)
NBP 61.08 Increased By ▲ 0.03 (0.05%)
OGDC 194.18 Decreased By ▼ -0.69 (-0.35%)
PAEL 26.91 Decreased By ▼ -0.60 (-2.18%)
PIBTL 7.28 Decreased By ▼ -0.53 (-6.79%)
PPL 152.68 Increased By ▲ 0.15 (0.1%)
PRL 26.22 Decreased By ▼ -0.36 (-1.35%)
PTC 16.14 Decreased By ▼ -0.12 (-0.74%)
SEARL 85.70 Increased By ▲ 1.56 (1.85%)
TELE 7.67 Decreased By ▼ -0.29 (-3.64%)
TOMCL 36.47 Decreased By ▼ -0.13 (-0.36%)
TPLP 8.79 Increased By ▲ 0.13 (1.5%)
TREET 16.84 Decreased By ▼ -0.82 (-4.64%)
TRG 62.74 Increased By ▲ 4.12 (7.03%)
UNITY 28.20 Increased By ▲ 1.34 (4.99%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 10,086 Increased By 85.5 (0.85%)
BR30 31,170 Increased By 168.1 (0.54%)
KSE100 94,764 Increased By 571.8 (0.61%)
KSE30 29,410 Increased By 209 (0.72%)

China said rich nations must vow greater cuts in greenhouse gas emissions and warned of lost trust in talks over a climate change deal, while rich countries accused Beijing of under cutting progress. Feuding on Friday over the future of a key UN treaty on fighting climate change, the Kyoto Protocol, has diluted hopes that negotiations in the Chinese city of Tianjin can lay a firm base for agreeing on a new, binding climate deal next year.
The week-long talks end on Saturday and are the last before a high-level meeting in Cancun, Mexico, in less than two months. Kyoto's first phase ends in 2012 and what happens after that is in contention, with rich and poor countries disagreeing over whether Kyoto should be extended or replaced with a new treaty that covers all big greenhouse gas polluting nations.
In a sometimes combative meeting of hundreds of negotiators, Huang Huikang, China's Special Representative for Climate Change Negotiations, said negotiators were losing trust in each other. "Today here in Tianjin we really need to rebuild trust and confidence. We are losing confidence and trust," Huang said. "We are all concerned about the slow status of our negotiations."
The United Nations is worried the talks will stall and create a gap in application from 2013 which could halt Kyoto's $20.6 billion carbon market. Beijing wants to keep Kyoto and its firm division between the duties of rich economies and poorer ones, including China.
Washington and other rich nations want a new pact to reflect the surge in emissions from the developing world, now accounting for more than half of annual global greenhouse gas pollution. And China wants developed countries to offer far more ambitious carbon cuts before emerging economies also shift. "Now the key issue is the lack of any substantive progress on the developed countries' side. If Annex 1 countries take the lead in the mitigation process, I suppose developing countries will do their part," Huang told reporters.

Copyright Reuters, 2010

Comments

Comments are closed.