BEIJING
The United States and China will reduce greenhouse emissions by 2030, or earlier, the leaders of the two countries pledged Wednesday at the end of the APEC trade summit.
According to the deal, the U.S. would cut its carbon emissions between 26-28 percent by 2025 while China did not set a specific target for cutting emission but said it would reduce emissions by 2030.
"As the world's two largest economies, energy consumers and emitters of greenhouse gases, we have a special responsibility to lead the global effort against climate change," U.S. President Barack Obama said at a joint press conference with Chinese counterpart Xi Jinping.
He called the deal a major milestone in the U.S.-China relationship,” adding “It shows what’s possible when we work together on an urgent global challenge.”
A November 2 Fifth Assessment Report of climate change stressed that it continues to threaten “irreversible and dangerous impacts, but options exist to limit its effects.”
APEC, established in 1989 due to the growth of Asia-Pacific economies, brought together leaders from Australia, Brunei, Canada, Chile, China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, Taiwan, Thailand, the U.S. and Vietnam.
The cooperation accounts for 40 percent of the world’s population, 55 percent of world GDP and 44 percent of global trade.
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