News | Energy Efficiency

http://www.businessweek.com/ap/financialnews/D9EAIJKO1.htm

BERLIN
German Chancellor Angela Merkel says she is not sure whether there will be a global climate change deal this year setting binding emissions targets for the time beyond 2012.

Merkel said on Monday she hopes for progress on voluntary pledges toward limiting global warming to 3.6 degrees Fahrenheit (2 degrees Celsius).
She said that should remain the focus for this year. She spoke at a joint news conference in Berlin with visiting Maldives president Mohamed Nasheed.
Merkel said binding targets are opposed by China and India, which she called a "structural problem" for a new climate treaty.
Nasheed said he expects a global treaty to come through, though "it may not happen this year."
The next U.N. climate summit is scheduled for the end of the year in Cancun, Mexico.