US and China strike historic deal on greenhouse gas reductions

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The move is in stark contrast to Tony Abbott’s announcement that he wants to cut Australia’s renewable energy target by forty percent. Photo: South China Morning Post

As the APEC Summit in Beijing wraps up, China and the US were saving the best til last, with a major press conference announcing an agreement on reducing greenhouse gases in an historic move by the two nations. The Chinese have committed to set a target for its emissions of to peak by around 2030, while the US set a goal to cut emissions by 26 to 28 per cent below 2005 levels by 2025.

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