Funding disputes, Kyoto Protocol extension continue to stall climate agreement

Delegates are also having trouble coming to an agreement over extending the expiring Kyoto Protocol, which the U.S. never ratified. However, Japan, New Zealand, Canada and Russia all plan on opting out of an extension of the protocol, because it won’t bind large developing nations, like China and India, to greenhouse gas reductions, rendering their own efforts to cut emissions effectively pointless.

A recent report found that China alone was responsible for 80 percent of the growth of global carbon emissions in 2011. China’s share of the total carbon emissions that year was 28 percent, while India’s was 7 percent.

“Those countries, especially those two, aren’t really interested in cutting CO2 emissions to curb their economic growth,” said Nick Loris, an economist at the conservative Heritage Foundation. “I think given the fact that so many of the developing countries are unwilling to reduce their coal consumption, it makes an international deal almost impossible.”

According to the AP, nations have set a 2015 deadline for a more expansive global climate agreement to prevent global temperatures from rising more than 2 degrees Celsius. However, the U.N. reports that global temperatures have already risen about 0.8 degrees Celsius above that level.

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