China (formally) rejects draft climate deal .

[denem]

Source: The Australian

CHINA has accused the developed world of retreating from its undertakings to cut greenhouse gas emissions, rejected a proposal at the Copenhagen conference to reduce financial help to China and described the draft deal Kevin Rudd worked on as creating "a lot of problems".

The Chinese have accused the developed world of abandoning the Kyoto Protocol and pressuring the developing nations to cut emissions without proper compensation for the "luxury emissions" the West has put out for the past century...

China's ambassador to Australian, Junsai Zhang, has forcefully put the Chinese government's case against proposals to bind developing nations to targets to cut greenhouse gases, drop the Kyoto commitments made by the developed nations and cut the share for China, India and Brazil of a $US10 billion-a-year financial help fund for developing countries to fight climate change.

Under the draft agreement, rapidly industrialising countries such as China, India and Brazil would still be considered developing nations but would have to commit to abatement measures and would not receive the same compensation as poor nations.

Read more: http://www.theaustralian.com.au/news/china-rejects-draft-climate-deal/story-e6frg6xf-1225809565931

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China has some nerve demanding a piece of the paltry $10 billion pie, while steadfastly refusing any binding targets on it's own emissions which rose 105% between 2000 and 2006. With two new coal power stations online each week to support a 19% growth in industrial output over the last year, looking for handouts is beyond farce.

By abandoning Kyoto, China means the 1% GDP target by Developed nations to aid poorer nations to adjust. Yes, $10 billion is shameful, but not as ludicrous as the People's Republic lining up for it's 'fair' share.

Surely, China receives ample 'Funding' from the American Consumer, courtesy of a rigged exchange rate.

*Note: This article reports China's formal rejection of the draft treaty. My earlier post reported various disgruntled public statements, during earlier negotiations.

[FreakinDJ]

1. As IF China ever intended to reduce emissions

Who the Fuck do they think they are kidding

[Veilex]

2. So very typical

China (mostly the government) has no interest in genuine environmental improvements if it may impact their profits or industries in any way shape or form. They certainly want our money though... they'll gladly take that worry off our hands.

[rayofreason]

3. China produces...

5 times more CO2 per unit economic output (GDP) than the US. That is why China is the #1 CO2 emitter on the planet, so I don't think China has a leg to stand on in this debate.

[denem]

4. Thats an Intersting statistic - a measure I hadn't heard before.

[JustABozoOnThisBus]

5. This is a surprise. I thought they'd sign it

I would have thought that China would sign, and then ignore it. That way, the other industrial countries would spend money on compliance, and China wouldn't.