UN climate talks reach deal in Peru
Under the deal reached in Lima, governments will submit national plans for reining in greenhouse gas emissions by an informal deadline of March 31, 2015 to form the basis of a global agreement due at a summit in Paris in a year's time.
Most of the tough decisions about how to slow climate change were postponed until then. "Much remains to be done in Paris next year," French Foreign Minister Laurent Fabius said.
The texts, agreed two days into overtime after two weeks of talks came close to collapsing, appeased emerging economies led by China and India, concerned that previous drafts imposed too heavy a burden on emerging economies compared to the rich.
It also satisfied rich nations led by the United States who say it is time for fast-growing emerging economies to rein in fast-rising emissions. China is now the biggest greenhouse gas emitter ahead of the United States, the EU and India.
The idea of a UN deal with obligations for all nations marks a shift from the 1997 Kyoto Protocol, which obliges only the rich to cut emissions. ■