China and India have signed a climate-change agreement to cooperate on renewable energy and energy efficiency, Bloomberg reported. The five-year deal is seen as a potential alternative for developing countries to any climate-change deal agreed upon at global climate talks to be held in Copenhagen in December. Analysts said the deal was a sign that China and India would take bilateral action on reducing carbon dioxide emissions if the Copenhagen talks fail to produce an effective multilateral agreement; Lu Xuedu, the director of China’s National Climate Center, has predicted failure unless rich countries change their demands for binding carbon emissions cuts. Under the agreement signed Wednesday, China and India will set up a working group to discuss international climate-change negotiations.
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