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Thursday, 26 November 2009 - Obama to head to Copenhagen with climate pledge
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    Read more with google mobile : Obama to head to Copenhagen with climate pledge

    Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Obama to head to Copenhagen with climate pledge AFP - Thursday, November 26 Send IM Story Print Chart showing carbon dioxide emissions per capita by the Group of Eight nations and the Group of Five emerging nations. President Barack Obama will head to next month's Copenhagen climate summit armed with the first concrete US offer to cut carbon emissions, officials said Wednesday, reviving hopes the closely watched meeting will succeed. WASHINGTON (AFP) - – President Barack Obama will head to next month's Copenhagen climate summit armed with the first concrete US offer to cut carbon emissions, officials said Wednesday, reviving hopes the closely watched meeting will succeed. The White House said Obama would offer to cut US emissions by 17 percent from 2005 levels by 2020 -- less than calls by the European Union, Japan and UN scientists but the first numbers on the table by the world's largest economy. "The president going to Copenhagen will give positive momentum to the negotiations and we think will enhance the prospects for success," Carol Browner, Obama's top aide on climate policy, told reporters. Obama will head to Copenhagen on December 9, the day before he heads to Oslo to receive the Nobel Peace Prize. Mike Froman, the deputy national security adviser, said Obama decided to go after sensing progress in talks with China, India and other emerging economies, which rich nations are pressing to do more on global warming. A carefully worded White House statement said Obama was putting on the table the US offer "in the context of an overall deal in Copenhagen that includes robust mitigation contributions from China and the other emerging economies." The White House said Obama would also call for a 30 percent reduction of US emissions from 2005 levels by 2025, a 42 percent reduction by 2030 and an 83 percent cut by 2050. Browner said the near-term offer was "in the range" of 17 percent depending on legislation in the US Senate, which has delayed action on climate change until next year. Foreign leaders and environmentalists hailed Obama's presence, hoping it would breathe new life into the December 7-18 conference meant to draft the successor to the Kyoto Protocol, whose obligations expire in 2012. "I think that if he can deliver on his election campaign statements that Copenhagen needs to be a success by coming to Copenhagen himself, that I think will be critical to a good outcome," said Yvo de Boer, executive secretary of the UN Framework Convention on Climate Change in charge of the conference. Danish Prime Minister Lars Loekke Rasmussen said he was "pleased" Obama would come to his country and hoped the visit would "contribute to an ambitious global deal in Copenhagen." France's environment minister Jean-Louis Borloo, who was on his way to China, hailed Obama's offer and said it would help persuade Beijing. "It's an extremely encouraging first response," Borloo told AFP. Raymond C. Offenheiser, president of charity Oxfam America, said Obama has lived up to election pledges by showing he is "ready to roll up his sleeves to make a climate change deal happen." "Today's announcement flies in the face of predictions of failure in Copenhagen well before the conference even begins," he said. Obama campaigned on promises to fight global warming, a sharp reversal from his predecessor George W. Bush who disputed evidence on climate change until late in his presidency and called the Kyoto Protocol unfair to rich countries. But the US Congress has yet to complete legislation to mandate cuts in emissions, amid staunch opposition from many members of Bush's Republican Party. Obama's offer reflects a bill narrowly passed by the House of Representatives in June that envisages cuts of 17 percent from 2005 levels by 2020 and by 83 percent by 2050. A slightly more ambitious bill before the Senate, but not due to be debated again until early next year, talks of a 20 percent reduction from 2005 levels by 2020. Senator John Kerry, who has spearheaded the Senate bill, said Obama's announcement could sway not only other nations but also US lawmakers. "This could be one hell of a global game changer with big reverberations here at home," Kerry said. Related article: Climate action 'can avert health crisis'. "The Obama administration is now undeniably mustering bona fide leadership on climate change, not merely departing from Bush administration intransigence and ideology," said Kerry, who unsuccessfully challenged Bush for the White House in 2004. Compared to the 1990 benchmark used by almost every other country, the US target only amounts to something like a four-percent reduction. The European Union has vowed to reduce its emissions by 20 percent from 1990 levels before 2020, raising the target to 30 percent in the event of an international agreement. Japan has offered 25 percent, but attached conditions. Recommend Send IM Story Print News Search Top Stories Obama to head to Copenhagen with climate pledge Belgium on the block as GM outlines Opel cuts Swiss court grants Polanski bail Shuttle undocks from space station, returns to Earth Britain is last major nation in recession More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Severe reactions to swine flu vaccine in Canada Britain is last major nation in recession ABN Amro reports quarterly loss of 1 bln euros Mankind using Earth's resources at alarming rate Swedish firm gives up bid for Saab More Most Viewed » Alcohol helps cut heart disease risk for men: study Mankind using Earth's resources at alarming rate More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! 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