Big 5 ink new climate pact

The United States, Australia, China, India and South Korea are likely to unveil later this week a regional pact to combat greenhouse gas emissions, an Australian government official said on Wednesday.

The official, who declined to be named, confirmed a report in national newspaper The Australian, which said the secretly negotiated pact to tackle climate change would be known as the Asia-Pacific Partnership for Clean Development and Climate.

The newspaper said the pact would aim to use unspecified technology to “rein in greenhouse gas emissions” but the official said that, unlike the Kyoto protocol, the new agreement would not be focused on reaching specific greenhouse gas emission targets.

CNN