U.S., China Reach Climate Deal

Two nations that account for more than one-third of all greenhouse gas emissions reached a climate deal. The United States will accelerate the pace of its net greenhouse gas emissions reductions from 17 percent below 2005 levels by 2020 to 26–28 percent by 2025. China will increase the non-fossil fuel share of all its energy to approximately 20 percent—roughly a fifth of its energy supply—by 2030.

“This is a major milestone,” said President Obama. “This is an ambitious goal, but this is an achievable goal. We have a special responsibility to lead the world effort to combat global climate change.”

The deal was reached after several rounds of talks between the two nations. At a joint press conference where the deal was announced, Obama indicated that he hoped the deal would “encourage all major economies to be ambitious and all developed and developing countries to work across divides” so that an agreement could be reached on climate change targets in Paris next year.

Chinese President Xi Jinping had similar comments.

“We agreed to make sure international climate change negotiations will reach agreement as scheduled at the Paris conference in 2015 and agreed to deepen practical cooperation on clean energy, environmental —> Read More Here


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