Thursday, May 01, 2008

COP: Climate target eludes Japan-EU

Lindsay Whipp and David Pilling in Tokyo and Fiona Harvey in London


Japan and the European Union failed to agree on Wednesday on a “mid-term” target for cutting greenhouse gas emissions, but will go into the G8 talks this summer with a closely matched position that contrasts sharply with that of the US.

The governments agreed that national “mid-term” emission cutting targets should be set, but Japan was unwilling to specify a year. The EU has agreed to cut its emissions by 20 per cent by 2020, and had urged Japan to agree the same.
Both sides agree that emissions should be halved by 2050, in line with scientific warnings on climate change.

But this is far from the position taken by George W. Bush, president of the US, who last week set a target of reducing the growth in US emissions from 2025. Such a target would make it nearly impossible to meet a 2050 target of 50 per cent reductions.

Tokyo hopes it can lead discussions in July that point the way towards a post-Kyoto agreement after 2012, though many think little progress is likely until a new president is in the White House.

Yasuo Fukuda, Japan’s prime minister, told a meeting in Davos this year, hinted that Japan might be willing to consider more specific numerical targets.

Europe and Japan also agreed to examine proposed “sectoral” targets, which would require certain industries to reduce their emissions by an agreed amount all over the world. The idea is part of the roadmap for negotiations set out at a United Nations meeting in Bali last December, and will be discussed in detail at a meeting in Ghana this August.

“[The climate change discussions] really show a convergence between Japan and the European Union and this is especially important before the G8 summit,” said Jose Manuel Barroso, president of the European Commission said in a press conference on Wednesday. “We are doing our best to work with other major players to make the G8 summit a real breakthrough moment, trying to make progress to have a global agreement in the Copenhagen conference in 2009.”
Copyright The Financial Times Limited 2008

No comments: