Beijing’s domestic quest to boost energy efficiency and curb emissions growth will also continue unabated even if a set-back in global negotiations slows the flow of foreign investment into carbon-cutting projects in China, experts said.
December’s Copenhagen summit was slated to settle a new framework to tackle global warming, but talks have been hobbled by a rift between developed and developing nations over who should cut emissions, by how much, and who should pay for it.
Danish Prime Minister Lars Lokke Rasmussen flew to Singapore at the weekend to present a gathering of Asia Pacific leaders, including US President Barack Obama, with his last-ditch bid to dispel a growing sense of gloom about the talks.
Rasmussen said a deal should cover emissions targets for rich countries and funds to help poorer ones, and a deadline for a legal text, but would put off detailed legal haggling.
Obama threw his weight behind the plan before flying off for his first presidential visit to China, where he has highlighted climate change as a key part of his agenda. But his hosts are more circumspect about downgrading their aspirations.
“China has noted the idea raised by the parties concerned of a ‘political agreement’ and is now studying this,” China’s foreign ministry said in a statement faxed to Reuters in response to a question about Beijing’s stance on the proposal.
Chinese experts accept that a delay is almost inevitable.
“It is becoming more and more difficult to reach a full agreement within the given time,” said Zou Ji, environmental policy expert at Renmin University in Beijing.
“In technical terms its impossible to reach a full, detailed agreement, because after (the last round of talks in) Barcelona, there was no substantial progress at working level,” he added.
But Beijing has invested large amounts of diplomatic capital in reaching a new deal. President Hu Jintao earlier this year unveiled the country’s first pledge to curb carbon emissions — by cutting so-called carbon intensity — at a UN summit.
