US President Barack Obama and Chinese President Xi Jinping Wednesday announced new climate change targets at the end of their two-day talks in Beijing, dpa reported. Xi said China's CO2 emissions would peak around 2030, with non-fossil fuel sources making up 20 per cent of energy sources by then. "I am proud to announce we have made a historic agreement," Obama said in a joint press conference with Xi following the talks. Obama announced a new target for the United States to cut its net greenhouse gas emissions to 26-28 per cent below 2005 levels by 2025, compared with the previous target of a 17-per-cent cut by 2020. "It puts us on path to making the deep [reductions] that climate change scientists say is necessary," Obama said. Xi told the conference that both sides would also push for progress at ongoing international climate change negotiations.
