China Wants Rich Nations to Pay for Climate Change Fight

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BEIJING, CN -- China has called on richer nations to help foot the bill for fighting climate change in developing countries.

China last week suggested developed nations dedicate 0.7 percent of the gross domestic product toward helping developing countries address climate change. The news comes a week after a Chinese study predicted emissions in the country could double or more in the next 20 years.

China has long rejected emissions caps and was exempt from the Kyoto Protocol, a point of contention for the U.S., which pulled out of the treaty. A United Nations meeting will take place in Poland in December that is part of the ongoing negotiations on a climate change treaty that will succeed Kyoto. There is also a U.N.-backed conference in Beijing this month to promote the exchange of green technologies, the Wall Street Journal reported.

China has taken steps to boost energy efficiency and has closed multiple inefficient industrial facilities throughout the country. Recently, three massive Chinese companies joined the nonprofit Climate Group. China Mobile, the world's largest wireless operator, Broad Air Conditioning, a manufacturer of low-energy air-conditioning units, and Suntech, the world's third largest solar energy company, all pledged to cut emissions as part of their membership.

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