China to Bind Carbon Footprint!
After the disappointing results from Copenhagen, it's been hard to get too excited about Cancun. But today we got good news: China's getting serious.
After the disappointing results from Copenhagen, it's been hard to get too excited about the United Nations climate change talks in Cancun that are going on right now.
But today we got some good news: China, which has leapfrogged everyone else to become the world's biggest consumer of energy and the world's biggest emitter of carbon, has offered to submit its carbon emissions targets to a binding U.N. resolution.
That means China's talk about cutting the amount of carbon it emits per unit of GDP by 40 percent by 2020 (from 2005 levels) might have real teeth. In making this offer, China is trying to get developed nations to make stronger commitments to reduce their emissions when the current Kyoto protocol ends in 2012.
An analyst from the World Resources Institute is calling it a "game-changer."