'Beyond Kyoto' greenhouse pact being formedWed Jul 27, 2005 12:57 AM ET
By Michelle Nichols
CANBERRA (Reuters) - The United States, Australia, China, India and
South Korea are likely to unveil this week a regional pact to combat
greenhouse gas emissions by developing environmentally friendly
energy technology, Australia said on Wednesday.
Environment Minister Ian Campbell said the countries had been working
on a regional pact to tackle climate change beyond the Kyoto
protocol, which requires rich nations to cut greenhouse gas
emissions by 5.2 percent below 1990 levels by 2008-12.
The United States and Australia have refused to sign Kyoto, which
came into force in February, because they say the pact unfairly
excludes developing nations such as India and China. South Korea has
ratified Kyoto.
"It's quite clear the Kyoto protocol won't get the world to where it
wants to go ... We have got to find something that works better --
Australia is working on that with partners around the world,"
Campbell told reporters on Wednesday.