Australia plans Copenhagen climate pact compromise

CANBERRA (Reuters) – Developing economies shouldn’t be locked into carbon lowering targets under a new global climate pact, Australia said on Monday, outlining a deal it hopes will avert failure at make-or-break talks in Copenhagen.

The plan by the world’s biggest per-capita carbon polluter would give India and China flexibility to lower emissions through a “national schedule,” potentially taking some of the heat from near-gridlocked talks between rich and developing countries.

“We simply won’t get the broad participation from major developing economies that the climate needs and that Australia, in terms of our national interest, needs,” Climate Minister Penny Wong said of Canberra’s compromise proposal.

Talks on a replacement for the Kyoto Protocol, which expires in 2012, have stalled as nations squabble over how to share the job of cutting emissions and how much money rich countries should contribute to poorer ones to help them deal with climate change.

European Commission President Jose Manuel Barroso warned on Monday that negotiations were “dangerously close to deadlock” ahead of U.N.-backed talks scheduled to take place in Copenhagen in December.

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Tags: carbon trading, climate change, climate commitment, climate pact, deadlock, developing economies, global climate, kyoto protocol

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