UN Climate Talks On Track, But EU, China Lock Horns – The Economic Times
Corespondent of India’s Economic Times reports from Bangkok:
UN talks on ways to fight climate change are on track to approve a blueprint for governments on Friday, but major differences are still being thrashed out, delegates say.
…… One of the main issues in Bangkok, the delegates said, was a rift between Europe and China. The European Union, which has already set a target of cutting greenhouse gas emissions by at least 20% by 2020, says curbing emissions will not cost that much. But China objects to any language that suggests a cap on emissions or stabilisation levels that could leave it vulnerable to demands in future climate talks to slow its rapid economic growth or spend vast sums on cleaner technology. [Full Text]