New US-China climate deal fuels hopes of bolder international agreements

New US-China climate deal

Courtesy of: @JohnKerry/Twitter

The world’s two largest emitters of dangerous carbon pollution are committing to reduce their emissions and work more closely to fight climate change.

On Tuesday, representatives from the United States and China signed eight partnership pacts to cut greenhouse gas emissions by sharing technological knowledge, encouraging pro-business solutions and continuing close dialogue on achieving international carbon reductions by 2015.

While significant differences between the two nations still need to be ironed out, any effort to build close consensus between the US and China on climate is critical for achieving a global climate pact.

Speaking in China on Tuesday US Secretary of State John Kerry said:

The significance of these two nations coming together can’t be understated. We are working hard to find a solution together that can have an impact on the rest of the world.

This announcement comes as the two countries are giving more attention to the threats posed by climate change.

Last month, the US unveiled targets for cutting carbon pollution from existing power plants, which was immediately followed by hints that China might institute a carbon cap.

Since then, China has completed the roll out of its seven pilot carbon markets.

These markets are expected to set the stage for a national carbon-trading scheme.

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