Apec leaders drop climate target
The Global Climate Change took a serious blow today as world leaders state they will not be able to reach a Climate Change deal ahead of next month's UN conference in Copenhagen, Denmark
After a two-day Asia-Pacific summit, they vowed to work towards an "ambitious outcome" in Copenhagen.
But the group dropped a target to halve greenhouse gas emissions by 2050, which was outlined in an earlier draft.
Leaders also vowed to pursue a new strategy for growth after the world's worst economic crisis in decades.
They resolved to conclude the Doha round of global trade talks in 2010.
In a joint declaration issued at the end of their two-day annual summit, they said: "We firmly reject all forms of protectionism and reaffirm our commitment to keep markets open and refrain from raising new barriers to investment or to trade in goods and services."
They also agreed to keep stimulus spending in place until a recovery was seen.
'Staging post'
But leaders have failed to agree a target for reducing greenhouse gas emissions at the Asia-Pacific Economic Co-operation (Apec) forum.
Officials said the leaders - including presidents Barack Obama of the US and Hu Jintao of China - now viewed the Copenhagen summit as a "staging post", and not an end point, in the search for a global deal to cut emissions of greenhouse gases.
There was an assessment by the leaders that it was unrealistic to expect a full internationally legally binding agreement to be negotiated between now and when Copenhagen starts in 22 days.
Mike Froman, US Deputy National Security Adviser
"We... reaffirm our commitment to tackle the threat of climate change and work towards an ambitious outcome in Copenhagen," they said in the final declaration.
"Global action to reduce greenhouse gas emissions will need to be accompanied by measures, including financial assistance and technology transfer to developing economies for their adaptation to the adverse impact of climate change," the declaration said.
A Chinese official involved in the world climate talks said the 50% reduction target was "a very controversial issue in the world community" which could "disrupt the negotiation process".
US Deputy National Security Adviser Mike Froman said the leaders had reached the conclusion that "it was unrealistic to expect a full, internationally legally-binding agreement to be negotiated between now and when Copenhagen starts in 22 days".
This was unwelcome evidence that the gap between developing and developed nations, between rich and poor, East and West can sometimes be hard to bridge, says the BBC's Rachel Harvey in Singapore.



