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ReutersTime Running Out for Deal on Global Warming
By Jon Herskovitz
(Reuters) - Time is quickly running out to strike a deal at global climate talks to save a Kyoto Protocol in its death throes and make major cuts in the greenhouse gas emissions that scientists blame for rising temperatures, wilder weather and crop failures.
Major parties have been at loggerheads for years, warnings of climate disaster are becoming more dire and diplomats worry whether host South Africa is up to the challenge of brokering the tough discussions among nearly 200 countries that run from November 28 to December 9 in the coastal city of Durban.
There are glimmers of hope a deal can be reached on a fund to finance projects for developing countries hardest hit by climate change, and that advanced economies responsible for most global emissions will take it on their own to make deeper cuts at the talks known as the Conference of the Parties, or COP 17.
There is also a chance of a political deal to keep Kyoto alive with a new set of binding targets, but only the European Union, New Zealand, Australia, Norway and Switzerland are likely to sign up at best. Any accord depends on China and the United States, the world's top emitters, agreeing binding action under a wider deal by 2015, something both have resisted for years.
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http://www.reuters.com/article/2011/11/25/us-durban-climate-idUSTRE7AO0IQ20111125