Thursday, December 2, 2010

UNFCCC: Key Climate Issue

US, China close in on accord on key climate issue

2 December 2010 - The United States and China appeared close to agreement Wednesday on a key issue that has troubled climate change negotiations, boosting prospects that talks on global warming will score their first success in years.

Analysts said the tone over measuring emissions had softened between the two major protagonists in the 193-nation talks. Over the past year they repeatedly exchanged accusations of reneging on commitments and undermining the talks.

The much disputed issue involves how countries account for their actions to limit emissions of carbon dioxide and other heat-trapping gases and to what extent they will allow other countries to review their books. The process is known as measuring, reporting and verifying, or MRV in negotiating parlance.

Details remain to be worked out and MRV is only one of several elements that negotiators want to adopt as a package in Cancun. {read rest}

Visit the United Nations Framework Convention on Climate Change website for updated news as well as streams

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