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Thursday, July 30, 2009

U.S. And China Sign Memorandum On Climate Change

The United States and China, the world's largest emitters of greenhouse gases, signed an agreement on Tuesday that promises more cooperation on climate change, energy and the environment.

Chinese and U.S. officials signed the memorandum of understanding at the State Department following two days of high-level economic and strategic talks.

The document was not released publicly but Secretary of State Hillary Clinton said it highlighted the importance of climate change in U.S.-Chinese relations.

"It also provides our countries with direction as we work together to support international climate negotiations and accelerate the transition to a low carbon economy," said Clinton at the signing ceremony.

She said the sides discussed in detail how to cut emissions ahead of a U.N. conference in Copenhagen in December that aims to set new global goals on controlling climate change.

Some in the United States argue Washington should not agree to specific reductions in industrial emissions, which could boost energy prices, until China also agrees.

But others say China already has taken more concrete steps than the United States, which must show, in the run-up to the Copenhagen meeting, it is serious about reducing emissions.

This month, during a visit to China by Chu and Commerce Secretary Gary Locke, the two countries launched a $15 million joint project to create more energy-efficient buildings and cars and study the development of cleaner-burning coal.

SOURCE : REUTERS

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