Rich nationsÂ’ emission targets too low: China
BEIJING, CHINA - China's top climate envoy said the nation's carbon intensity target was a step toward a peak in emissions output, adding that developed nations had set themselves goals that were too lenient to tackle global warming.
Xie Zhenhua, deputy head of the powerful National Development and Reform Commission, also said that developed nations needed to offer more financing and technology to help poorer countries tackle climate change.
"So far we have not seen concrete actions and substantive commitments by the developed countries," Xie told a news conference in the Chinese capital.
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But the market’s trajectory begins to look…