Pollution limits in the only treaty curbing greenhouse gases may lapse at the end of next year because of a rift between richer countries and developing ones over how to combat global warming.
China, India, Brazil and their allies are pushing for an extension of the Kyoto Protocol, which requires industrialized nations to cut emissions through 2012. Japan, Canada and Russia refuse to sign that plan, and the U.S. never ratified it.
The impasse risks undermining the $142 billion a year market designed to cap carbon-dioxide linked to burning fossil fuels, which are blamed for damaging the climate, and stunting investments in renewable energy that jumped 32 percent to a record $211 billion last year. Negotiators from 190 countries will gather for two weeks of United Nations climate talks starting Nov. 28 in Durban, South Africa.
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