Sep 29, 2009

Run Up to Copenhagen in December

It is good to see how the looming deadline of the Copenhagen Climate Change Summit in December 2009 is allowing important Green Goods trade deals to unfold. More on this summit right below. More on the deal being cut with China after.

In 2012 the Kyoto Protocol to prevent climate changes and global warming runs out. To keep the process on the line there is an urgent need for a new climate protocol. At the conference in Copenhagen 2009 the parties of the UNFCCC meet for the last time on government level before the climate agreement need to be renewed.

The Climate Conference in Copenhagen is essential for the worlds climate and the Danish government and UNFCCC is putting hard effort in making the meeting in Copenhagen a success ending up with a Copenhagen Protocol to prevent global warming and climate changes.

NEW YORK (Reuters) - The European Union and the United States are holding talks on forging a pact with OECD countries and China to eliminate duties on green goods as part of incentives to Beijing in a potential global climate deal.

EU diplomats told Reuters that under a plan being discussed by Brussels and Washington, the 30 nations in the Organization for Economic Cooperation and Development and China would agree a global pact to phase out import tariffs on goods such as wind turbines, renewables and green technologies.

But any deal is unlikely to include environmentally friendly hybrid cars, the diplomats said.

"The talks are entering an advanced stage. Brussels and Washington hope this could be one of the incentives needed to get China on board in the lead up to the Copenhagen climate change talks," one EU diplomat told Reuters............

"We remain eager to move ahead with negotiations to eliminate tariff barriers on climate-friendly technologies and spur momentum on a larger WTO Doha package on environmental goods and services," said USTR(US Trade Rep) spokeswoman Carol Guthrie.........

China is on course to become the world's largest producer of wind turbines in the world this year and is a major manufacturer of solar products.................

The Asian powerhouse -- the world's biggest polluter -- is under pressure from Europe and the United States to cut its carbon dioxide (CO2) emissions as part of negotiations on a new global climate treaty to succeed the Kyoto Protocol, which lapses at the end of 2012.

In return Beijing wants billions of dollars in cash from the EU and the United States to help it harness new greener technologies for its export-driven economy.

"This deal would save Chinese exporters billions of euros and dollars and could form a large part of the overall package offered to Beijing to cut emissions," another diplomat said.......

Any negotiations would take place between ambassadors at the World Trade Organization in Geneva, but any deal would be formally agreed outside the global trade watchdog, the diplomats said.

selections from Reuters online "EU, US eye green goods tax pact in climate fight" by Darren Ennis 9-28-09

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