Kyoto pact rift threatens progress at U.N. climate talks

BANGKOK, (Reuters) – Poorer nations upped the ante  on rich countries at U.N. climate talks yesterday by demanding  that the world’s main climate treaty be extended from 2013 and  for industrialised countries to deepen carbon-cutting pledges.

Failure to do risked scuttling drawn-out and often fraught  negotiations on ways to slow the growth of planet-warming  greenhouse gas emissions and avoid greater extremes of weather  and rising sea levels.

The talks in Bangkok formally began on Tuesday and are the  first major session after talks last December in the Mexican  resort of Cancun ended with a series of agreements on a $100  billion climate fund and other steps, such as a scheme to  transfer clean technology for poorer nations.

But Cancun put off the tougher issue over the fate of the  Kyoto Protocol, which binds nearly 40 industrialised nations to  emissions targets during its 2008-12 first phase.

The April 3-8 Bangkok meeting is meant to expand on the  Cancun agreements but arguments over Kyoto’s future risk  overshadowing progress.

“It is essential to find a way forward on this issue, which  is particularly pressing given the growing possibility of a gap  after 2012,” U.N. climate chief Christiana Figueres told  delegates.

The tiny Pacific island state of Tuvalu, which faces being  wiped off the map by rising seas, urged the meeting to focus  solely on the future of the 1997 Kyoto Protocol.

“We are concerned that we are going around in circles and  making no progress. We are concerned that we have no guarantee  that there will be a Kyoto Protocol at the end of this year,”  Tuvalu delegate Ian Fry told the gathering. He urged nations that did not support an extension of Kyoto  to leave the room, triggering applause.

Japan, Canada and Russia say they are opposed to extending  the pact from 2013, saying all major emitting nations be brought  under a new and broader legally binding agreement. This includes  the United States which never ratified Kyoto and says it will  never join it.

ONLY LEGAL PACT

Developing nations say Kyoto is the only legally binding  instrument and rich nations must boost their pledges to help the  world stay below an average rise of 2 Celsius, a pledge nations  agreed to in Cancun.

Under Kyoto, developing nations only have to take voluntary  steps to curb emissions growth from industry. They are firmly  opposed to taking any targets and say they must let their  economies grow to lift millions out of poverty.

Impatience is growing during the talks, which began with a  series of informal workshops on Sunday, with poorer nations  pointing to the increasing impact of climate change, such as  storms, droughts and crop failures.

The Cancun meeting put off a decision on Kyoto until a major  meeting at the end of this year in Durban, South Africa.

But the United Nations fears no decision will be taken on  the shape of a new pact at those talks, almost certainly leading  to a gap between the end of Kyoto’s first phase at end-2012 and  any future agreement.

This is a major worry for investors because there will be no  certainty on how a $20 billion carbon market under the Kyoto  Protocol would function. The market also underpins billions in  investments in clean energy projects in poorer nations.