A step towards Kyoto II?
According to the Guardian, the UK and Germany believe they are close to a deal between the US, China and India to linked regional carbon trading schemes.
“Tony Blair believes he is close to persuading George Bush to accept an ambitious plan to bring the world’s greatest polluters into international partnership to fight climate change for the first time.
The plan would involve setting up a network of carbon trading schemes and is one of five main proposals drawn up by the Germans and British ahead of the G8 summit next month.
. . . .
· An agreement to stabilise the world temperature rise above pre-industrial levels at no higher than 2C (4F), or cut world greenhouse gas emissions by 50% below 1990 levels by 2050.
· An agreement to give companies and countries new technology “rewards” if they stopped cutting down forests.
· A new programme of energy efficiency, modelled on the EU scheme to cut C02 emissions by 20% by 2020 using simple techniques, such as energy-efficient lightbulbs and green cities.
· A new commitment to help poor countries in Africa adapt to the change.”