SNAP ANALYSIS-Climate talks win lifeline, but may sink in 2012

Sat Dec 11, 2010 2:54pm GMT

* Troubled climate change talks win lifeline in Cancun

* Time running out for Kyoto, and disputes put off

By Alister Doyle and Gerard Wynn

CANCUN, Mexico, Dec 11 (Reuters) - A new deal among 190 nations to slow climate change throws a lifeline to U.N.-led talks but they will still struggle to find a deal extending the Kyoto Protocol for cutting carbon emissions beyond 2012.

Most delegates said the main achievement of the two-week conference in Cancun, Mexico was simply to have an agreement, and thereby restore some faith in a damaged U.N. process after a Copenhagen summit in 2009 failed to agree a treaty.

"We have proven that multilateralism can create results," said the European Union's climate commissioner Connie Hedegaard, who led the Copenhagen summit in 2009.

"A lot of people are saying that the ghost of Copenhagen has been exorcised here," said Alden Meyer from the Union of Concerned Scientists.

Saturday's less ambitious deal, reached at marathon overnight talks, comprises a plan to design a Green Climate Fund, measures to protect tropical forests and ways to share clean energy technologies and help developing nations adapt to climate change.

But it largely delays a resolution of key disputes, especially on the future of Kyoto, the existing U.N. pact that obliges about 40 developed nations to begin to cut greenhouse gases.   Continued...

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