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Durban climate change negotiations reached an agreement
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After marathon negotiations at the UN Climate
Change Conference in Durban, an agreement was reached to extend the Kyoto Protocol
that regulates greenhouse gas emissions, and to reach a legally binding
agreement for all countries by the year 2015.
“An agreement to include all larger economies
in the new, global framework for reducing greenhouse gas emissions is an
important step forward. The agreement that is to be developed by 2015, is
essentially the first time that all polluters take an obligation to reduce
emissions,” the Minister of the Environment Keit Pentus explained after
returning from the Durban climate negotiations. “Naturally, most of the work is
still ahead of us, because the details of the new global climate agreement will
be discussed and refined from the beginning of the next year.”
According to the Minister of the Environment,
the agreements reached in Durban was an important message to several economic
sectors. “The need for technological solutions that reduce pollution is
continually increasing. The Durban negotiations sent a clear message – all
countries are interested in moving towards a less polluting economy with less
carbon,” Pentus added.
The
Kyoto Protocol is the only legally binding agreement that obliges countries to
reduce their emissions with an objective of keeping the increase of the Earth
temperature below 2 degrees Celsius. The initial validity period of the Kyoto
Protocol ends on 31.12.2012.