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Australia to join second Kyoto Protocol phase | Australia to join second Kyoto Protocol phase |
(about 7 hours later) | |
Australia's government says it is "ready to join" a second phase of the Kyoto Protocol on climate change. | Australia's government says it is "ready to join" a second phase of the Kyoto Protocol on climate change. |
Climate Minister Greg Combet said Australia was making the move because more action was being taken internationally to tackle climate change and replace the Kyoto deal. | Climate Minister Greg Combet said Australia was making the move because more action was being taken internationally to tackle climate change and replace the Kyoto deal. |
The "second commitment" period for Kyoto could renew pledges to limit emissions until 2020. | The "second commitment" period for Kyoto could renew pledges to limit emissions until 2020. |
Australia is one of the world's leading emitters of greenhouse gases. | Australia is one of the world's leading emitters of greenhouse gases. |
The governing Labour party signed up to the Kyoto Protocol in one of its first acts after winning power in 2007. | The governing Labour party signed up to the Kyoto Protocol in one of its first acts after winning power in 2007. |
The protocol, initially adopted in Kyoto, Japan, in 1997, is aimed at fighting global warming by setting legally binding targets for countries to cut greenhouse gas emissions. | The protocol, initially adopted in Kyoto, Japan, in 1997, is aimed at fighting global warming by setting legally binding targets for countries to cut greenhouse gas emissions. |
The first round of cuts, which only apply to developed nations, expires at the end of this year. | The first round of cuts, which only apply to developed nations, expires at the end of this year. |
'Avoiding a shock' | 'Avoiding a shock' |
The protocol also created market mechanisms for countries to meet their targets by trading in carbon emissions. | The protocol also created market mechanisms for countries to meet their targets by trading in carbon emissions. |
Discussions over a new legal deal covering all countries are due to begin at a climate conference in Doha in December and end by 2015. | Discussions over a new legal deal covering all countries are due to begin at a climate conference in Doha in December and end by 2015. |
The new deal would come into effect by 2020. | The new deal would come into effect by 2020. |
"From 2020 we expect all countries - including the United States, the European Union, China, Japan, India, Indonesia and South Korea - will be part of a new agreement to reduce emissions," Mr Combet said on Friday. | "From 2020 we expect all countries - including the United States, the European Union, China, Japan, India, Indonesia and South Korea - will be part of a new agreement to reduce emissions," Mr Combet said on Friday. |
"This will bring all countries on to the same legal platform to reduce emissions." | "This will bring all countries on to the same legal platform to reduce emissions." |
But Mr Combet added that if it did not take action now, Australia would face a "severe economic shock" after 2020. | But Mr Combet added that if it did not take action now, Australia would face a "severe economic shock" after 2020. |
Australia's participation in the second phase would be conditional on access to Kyoto market mechanisms from next year and the continuation of land sector rules, he said. | Australia's participation in the second phase would be conditional on access to Kyoto market mechanisms from next year and the continuation of land sector rules, he said. |
"While Australia is doing our fair share, we expect the same from others," he said. | "While Australia is doing our fair share, we expect the same from others," he said. |
Meanwhile, New Zealand said it was not signing the protocol's second phase. | |
Climate Change Minister Tim Groser said the country would instead be joining the UN Framework Convention on Climate Change, which does not have binding commitments. |
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