US, China Clinch Deal on Emissions

  • The top two carbon emitters -the US and China -on Wednesday pledged to take ambitious actions to limit emission of greenhouse gases.
  • Under the deal, the US will reduce emissions by 26-28% below its 2005 level by 2025.
  • China vowed to achieve peaking of emissions around 2030 and to make efforts to peak early.
  • It intends to increase the share of non-fossil fuels in primary energy consumption to around 20% by 2030.
  • The move will be seen as a brave attempt to show their sincerity to deal with the challenges of climate change.
  • The deal was unveiled on the last day of US President Barack Obama's visit to China.
  • It came three weeks ahead of the Lima climate negotiations which will, hopefully, culminate into a global deal in Paris next year.
  • It is expected that the new US goal will be to double the pace of carbon pollution reduction from 1.2% per year on an average during the 20052020 period to 2.3-2.8% per year between 2020 and 2025.
  • This ambitious target is grounded in intensive analysis of cost-effective carbon pollution reductions achievable under existing law and will keep the US on the right trajectory to achieve deep economy-wide reductions on the order of 80% by 2050.
  • China, the world's largest emitter, whose emissions are still growing as it builds new coal plants, didn't commit to cut emissions by a specific amount.
  • It just preferred to talk about peaking of its emission by 2030 or earlier if possible.
  • China's share of carbon emission was 28% of the total emissions last year.