Friday, January 29, 2010

U.S. embraces Copenhagen pact, Senators rework bill

U.S. climate envoy Todd Stern gave notice to the United Nations that the country will aim for a 17 percent emissions cut in carbon dioxide and other gases blamed for global warming by 2020, from 2005 levels.

The move, which confirmed the goal set by the White House late last year, was conditional on other countries also submitting their pollution-cutting targets to the accord, Stern said.

The condition was likely aimed at fence-sitters in Congress who do not want to see the United States commit to steps on fighting global warming unless other major polluters like China and India go along.

John Kerry, the Democratic U.S. senator working on a compromise climate bill, insisted that Congress would put a price on carbon, forcing companies to pay for their global warming pollution.

But he followed the lead of President Barack Obama, who called for a comprehensive climate plan during Wednesday's State of the Union speech without mentioning one of its most controversial and complicated elements, cap-and-trade, which would allow companies to trade rights to pollute.

"It's open to how you price carbon," Kerry told Reuters. "People need to relax and look at all the ways you might price carbon. We're not pinned down to one approach."

Kerry, who is working on the bill with Republican Senator Lindsey Graham and independent Senator Joe Lieberman, strongly rejected the idea that progress had bogged down. "I just don't agree with that interpretation at all," he said, adding that Senate negotiations were "making headway."

GOAL DEPENDS ON CONGRESS
The final U.S. 2020 emissions goal depends on Congress passing a climate bill, Stern informed the U.N.

Kerry and others are trying to win Republican and moderate Democratic votes for the bill by including incentives for nuclear power, offshore oil drilling and clean technology jobs. Graham said the nuclear and oil drilling initiatives would not advance in the Senate without dealing with emissions.

The 17 percent U.S. target represents only about a 4 percent cut from the 1990 baseline that other rich polluters are using, showing how difficult it was for the United States to craft a domestic emissions plan.

The European Union reiterated on Wednesday an offer of a 20 percent cut by 2020, from 1990, and a 30 percent cut if other nations deepened their reductions.

The Copenhagen Accord agreed by the United States, China, India and other countries at U.N. talks in December calls for governments to submit climate plans by January 31, 2010.

Source : http://www.reuters.com/article/idUSTRE60R5F520100128?type=politicsNews

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