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Australia and New Zealand have missed a deadline to set post-2012 emission reduction targets under the Kyoto Protocol, with both governments sayingthey will decide whether to continue to be legally bound to cutemissions of seven greenhouse gases later this year. Countries intending to sign up to a second round of targets underthe 1997 treaty were scheduled to notify the UN by Tuesday. But Australia and New Zealand, both of which plan to launchemissions trading schemes and have been tipped to take on freshlegal targets from 2013, failed to meet that deadline. The EU and several other nations have already indicated they willset a post-2012 legally-binding target, but Canada, Russiaand Japan, three big emitters with current Kyoto goals, havesaid they will not. Australia said it will make a decision only after UN parties agreeon how long the second Kyoto period would last and how many surplusKyoto permits can be transferred from the first phase. "In considering whether to join a second commitment periodand submit a (target), Australia is carefully examining theinteraction between Australia's legislated policy settingsand new international rules," its submission to the UN said. "We look forward to a clearer picture emerging from theoutcomes of (UN climate talks) leading up to Doha," NewZealand said in a document published on the UN website, referringto the next high-level climate summit to start in November. New Zealand said it needs "full clarity" on the rulesand how these relate to the emission reduction measures it is readyto do domestically. Both countries stressed that they have set 2020 emission goals thatare not legally-binding internationally. Australia has agreed national laws to cut greenhouse gas output5-25 percent below 2000 levels, while New Zealand has a"responsibility target" to reduce emissions by 10 to 20percent below 1990 levels. UN climate negotiators will gather on May 14-25 inBonn, Germany, to resume talks on issues including the lengthand stringency of Kyoto 2 targets and the accounting of emissionsfrom forestry. Over 35 so-called industrialized nations pledged to sign up to asecond Kyoto target at UN climate talks in Durban last year. The new deal will legally bind those countries to cut emissionsfrom 2013 until either 2017 or 2020. China, India and the US, the world's three biggest emitters,are not bound by Kyoto, but have pledged to sign a new deal to takeeffect after 2020, after their voluntary emission reduction goalsexpire. We are high quality suppliers, our products such as Coalbed Methane Drilling Manufacturer , Core Drilling Rigs Manufacturer for oversee buyer. To know more, please visits Wire-Line Core Barrels.
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