Wednesday, October 14, 2009

U.N. panel head sees wiggle room for global climate deal

NEW DELHI (Reuters) - Despite fears of failure facing global climate change negotiations in December, the U.N. climate panel chief said Wednesday it was still possible to agree a pact, including levels of emission cuts by rich nations.

Talks for a treaty to succeed the Kyoto Protocol, which obliges 37 rich nations to cut emissions by an average of 5 percent below 1990 levels by 2008-12, are deadlocked on the question of cuts to be taken by rich and poorer countries.

Developed nations will also have to come up with billions of dollars in climate aid and green technologies for the poor.

"The wiggle room is there even at the stroke of midnight when the conference is ending," said Rajendra Pachauri, chairman of the U.N.'s Intergovernmental Panel on Climate Change.

Posted via web from Global Warming News

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