The 194 countries at the global climate talk in Durban, South Africa agreed on Sunday to negotiate a new global climate treaty by 2015. The post-Kyoto arrangement, though, would not take effect until 2020, the Financial Times reports. The new set-up extends the key provisions of the Kyoto protocol, which expires at the end of 2012, for another five years and envisions a new, successor pact that will include the world’s top greenhouse gas emitters: China, the U.S. and India. However, rules for developing countries would continue to be laxer than for developed economies.
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