Asia-Europe Meeting Pledges to Set New CO2 Targets Beyond Kyoto
11 September 2006
Leaders of 38 Asian and European countries convened for the sixth Asia-Europe Meeting (ASEM) summit issued a Declaration on Climate Change that pledges to set new carbon dioxide emissions targets that go beyond those now set for 2012 under the Kyoto Protocol.
The declaration calls for resolute action to meet the interrelated multiple goals of addressing climate change, reducing air pollution and improving the global environment while contributing to sustainable development and synergies with energy policy goals.
We recognize that climate change and security of energy supply are interrelated. We foresee that very significant resources, an estimated US$6.3 trillion, will be invested in the energy sector in ASEM countries by 2030 and see this as a challenge but also as an opportunity.
We will cooperate to promote development, transfer and deployment of low-carbon technology and access by developing ASEM countries to cleaner and climate friendly technologies, without overlooking any relevant option, be it existing or new. We are committed to enhancing energy efficiency and scaling up the use of new and renewable energy, adapted to local circumstances.
We also emphasize that in the longer term technological breakthroughs will be required, welcoming that further possibilities are being explored. We value existing bilateral, regional, and global partnerships and look forward to further enhancement of broad international collaboration in research, development, transfer, and deployment of climate-friendly technologies.—from the Declaration
The Declaration set no targets; each country pledged to do its best. Europeans had hoped for more aggressive action from the Asian countries, especially China.
ASEM participants are Austria, Belgium, Brunei Darussalam, Cambodia, China, Cyprus, Czech Republic, Denmark, Estonia, European Commission, Finland, France, Germany, Greece, Hungary, Indonesia, Ireland, Italy, Japan, the Republic of Korea, Laos, Latvia, Lithuania, Luxembourg, Malaysia, Malta, Myanmar, the Netherlands, Philippines, Poland, Portugal, Singapore, Slovakia, Slovenia, Spain, Sweden, Thailand, United Kingdom and Vietnam.
The summit also adopted a decision on the admission of six new partners: Bulgaria and Romania from Europe and India, Mongolia, Pakistan and the ASEAN Secretariat on the Asian side will join the ASEM process.
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