ANALYSIS-World divided on new plan to combat global warming

Sun Oct 2, 2011 1:22am GMT
 

* Proposal says 2015 is more realistic date for climate pact

* Talks on trying to extend Kyoto stalled, need fresh approach

* Investors would welcome certainty if plan is accepted

By David Fogarty

SINGAPORE, Oct 2 (Reuters) - A new plan to curb global warming risks becoming a battleground between rich and poor nations and could struggle to get off the ground as negotiators battle over the fate of the ailing Kyoto climate pact.

The 1997 Kyoto Protocol covers only emissions from rich nations that produce less than a third of mankind's carbon pollution and its first phase is due to expire end-2012. Poorer nations want it extended, while many rich countries say a broader pact is needed to include all big polluters.

Australia and Norway have proposed negotiations on a new agreement, but say it is unrealistic to expect that to be ready by 2013. They have set a target date two years later, in 2015.

"This is the only way ahead. There is no other way than failure," said a senior climate negotiator from a developed country on the Australia-Norway proposal, who declined to be named because of the sensitivity of the talks.

Developing nations insist Kyoto be extended to commit rich countries to tougher carbon cuts and fiercely resist any attempts to side-line the world's main climate pact, meaning the Australia-Norway plan faces a tough time .   Continued...

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