In the Media
G77 & China insists continuation of Kyoto Protocol
October 06, 2011
The last round of UN climate change negotiations ahead of this year’s main conference in Durban is likely to end in deadlock, after the G77 and China group of developing countries told diplomats gathering in Panama that it remains fiercely opposed to any attempt to phase out the Kyoto Protocol.
A group of influential industrialised countries, including Japan, Russia, Canada and the US, have said they will not sign up to a second commitment period of the Kyoto Protocol when it expires in 2012, and are instead calling for a new international treaty to curb greenhouse gas emissions.
Meanwhile, hopes remain that the Panama meeting can deliver progress on other aspects of the negotiations, including plans to set up a global green investment fund for developing countries and extend the carbon markets to support forest protection projects.
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Keywords: CDM, China, Forest, G77, Kyoto, Panama, Protocol