Morgan Stanley
India | Friday, 25 July 2008
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Bali breakthrough launches climate talks

By David Fogarty
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Posted 15 December 2007 @ 07:21 pm GMT

Nearly 200 nations agreed at U.N.-led talks in Bali on Saturday to launch negotiations on a new pact to fight global warming after a reversal by the United States allowed a breakthrough.

Executive Secretary of the United Nations Framework on Climate Change Conference (UNFCCC) Yvo de Boer shakes hand with President of the 13th session of the Conference of the Parties, Rachmat Witoelar (C) at the U.N. Climate Change Conference in Nusa Dua,
Executive Secretary of the United Nations Framework on Climate Change Conference (UNFCCC) Yvo de Boer shakes hand with President of the 13th session of the Conference of the Parties, Rachmat Witoelar (C) at the U.N. Climate Change Conference in Nusa ...
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carbon change climate emission gas global greenhouse kyoto protocol warming

Washington said the agreement marked a new chapter in climate diplomacy after six years of disputes with major allies since President George W. Bush pulled out of the Kyoto Protocol, the main existing plan for combating warming.

"This is the defining moment for me and my mandate as secretary-general," U.N. Secretary-General Ban Ki-moon said after making a return trip to Bali to implore delegates to overcome deadlock after the talks ran a day into overtime.

Ban had been on a visit to East Timor. "I am deeply grateful to many member states for their spirit of flexibility and compromise," Ban told Reuters.

The Bali meeting approved a "roadmap" for two years of talks to adopt a new treaty to succeed Kyoto beyond 2012, widening it to the United States and developing nations such as China and India. Under the deal, a successor pact will be agreed at a meeting in Copenhagen in late 2009.

The deal after two weeks of talks came when the United States dramatically dropped opposition to a proposal by the main developing-nation bloc, the G77, for rich nations to do more to help the developing world fight rising greenhouse emissions.

The United States is the leading greenhouse gas emitter, ahead of China, Russia and India.

Indonesian Environment Minister Rachmat Witoelar, the host of the talks, banged down the gavel on the deal to rapturous applause from weary delegates.

"All three things I wanted have come out of these talks - launch, agenda, end date," Yvo de Boer, head of the U.N. Climate Change Secretariat, told reporters.

The accord marks a step towards slowing global warming that the U.N. climate panel says is caused by human activities led by burning fossil fuels that produce carbon dioxide, the main greenhouse gas.

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