China rules out new climate 'regime,' setting up US conflict

Bloomberg: China, India, South Africa and Brazil said a climate agreement expected to take effect in 2020 won't be a "new regime," potentially setting up a confrontation with the U.S., which is seeking to eliminate a firewall in negotiations between developed and developing nations. The four countries are reining in expectations for the Durban Platform, according to a statement released following a meeting of the so-called Basic bloc in Beijing. Delegates at United Nations treaty talks in the South African...

URL: http://www.businessweek.com/news/2012-11-20/china-sets-up-u-dot-s-dot-conflict-by-ruling-out-new-climate-regime