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"China Broadens Pollution Pledge in Call for More Climate Funding"

"China offered new details on its commitment to rein in greenhouse gases and called on rich nations to speed up delivery of the $100 billion in annual climate-related aid they’ve promised by 2020.

China will work to reduce the amount of greenhouse gases emitted for every dollar of gross domestic product and to boost its stock of forests that absorb emissions, Su Wei, China’s lead climate negotiator, said today. The comments are among the most significant from a Chinese official since President Xi Jinping pledged last month to begin to reduce carbon-dioxide pollution around 2030 and expand supplies of renewable power.

Addressing carbon intensity is key as China emits almost twice as much pollution to achieve the same amount of growth as the U.S., according to data from the International Energy Agency. China’s carbon intensity is on par with the U.S. level in 1985."

Alex Morales and Reed Landberg report for Bloomberg News December 4, 2014.

SEE ALSO:

"Obama’s Critique of Australia on Climate Draws Origin Rebuttal" (Bloomberg)

"China Says Climate Aid Inadequate, Especially Australia" (Reuters)

"Climate Activists Showing Their Colors in Lima" (InsideClimate News)

"Will Australia Be the Great Coal Defender at Lima Climate Talks?" (Guardian)

Source: Bloomberg, 12/05/2014