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BW Businessworld

The Big Fight

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UNITED STATES

Rejected (and has singlehandedly sunk) the Kyoto Protocol. Wants India and China also to commit to emission cuts. Will have an emission cap-and-trade# regime. Plans to impose trade barriers against countries without a cap-and-trade system. Willing to cut emission by only 17 per cent by 2020 from 2005 level.

Annual carbon emissions: 5,854 mt

(20.3% of global total)


BRAZIL

Commits to roll back emissions to 1990 level by cutting the projected 2020 emission by 36 per cent. Breaks rank with G-77 by committing a target to put pressure on the US.

Annual carbon emissions: 350 mt

(1.2% of global total)


INDIA

Maintains the Kyoto Protocol principle of common but differentiated responsibility. Will undertake unilateral climate change mitigation steps but will not make legally binding commitments. Will open only externallyfunded mitigation projects to international verification and scrutiny.

Annual carbon emissions: 1,370 mt

(5.3% of global total)


CHINA

Like India, backs Kyoto Protocol principle of the historic polluters' responsibility to cut emissions. Plans to reduce emission intensity of its GDP growth by 45-50 per cent through unilateral and externally-funded measures.

Annual carbon emissions: 6,083 mt

(21.2% of global total)


AFRICA

Wants a minimum compensation of $100 billion a year from the developed countries. Insists the rich countries cut emissions by 40 per cent by 2020. Opposed to any new deal replacing the Kyoto Protocol that may water down developed countries' commitment to take deep emission cuts and to finance poor countries' efforts for climate change adaptation and mitigation.

Annual carbon emissions: NA


AUSTRALIA

Has proposed an alternative to Kyoto Protocol asking developing countries to commit policies and actions for mitigation. Favours a cap-and-trade regime.

Annual carbon emissions: 380 mt

(1.3% of global total)


EUROPEAN UNION

Pushing hard for an agreement at Copenhagen; favours a cap-and trade regime, but supports Kyoto Protocol. Will raise its emission cuts to 30 per cent from already offered 20 per cent, if the US in particular, also commits a similar cut. Says poorer nations will need €100 billion a year by 2020 to tackle global warming; but how much the EU will fork out depends on Copenhagen results.

Annual carbon emissions: 3,971 mt

(13.8% of global total)


Annual carbon emissions: Developing countries, particularly India and China, want each country's emissions to be measured on per capita basis. But developed countries with high emissions and smaller populations want it to be measured on total emissions.



#A scheme to impose limits on emission and allowing trade in excess emission savings.



Data for 2007; mt: million tonne; share in global total are approximations;

Source: CO2 Emissions from Fuel Combustion (2009 Edition), IEA, Paris



(This story was published in Businessworld Issue Dated 07-12-2009)