II.Climate Change and Energy Security

12.We reaffirm that the issue of climate change should be dealt with within the framework of sustainable development.We reaffirm that in order to achieve sustainable development,it will be necessary to combat global climate change in accordance with the ultimate objective of the United Nations Framework Convention on Climate Change (UNFCCC).We recognize the importance of the assessment reports of the Intergovernmental Panel on Climate Change in particular its fourth Assessment Report.

13.We emphasize that the UNFCCC and the Kyoto Protocol are the main channels for international negotiations and cooperation in climate change,reaffirm the commitment to the objectives,purposes and principles of the UNFCCC and the Kyoto Protocol, particularly the principle of common but differentiated responsibilities and respective capabilities.We recognize that ASEM partners share a mutual commitment to finding a long-term multilateral solution to climate change under the UNFCCC and the Kyoto Protocol framework.We welcome the decisions of the Bali Action Plan,containing all the elements for an ambitious,effective and comprehensive agreed outcome for long term cooperative action now,up to and beyond2012for strengthening international cooperation on addressing climate change and are committed to the completion of negotiations by2009.

14.Recognizing the importance of tackling climate change,we affirm that developed countries should continue to show strong leadership and take measurable,reportable and verifiable nationally appropriate mitigation commitments,including quantified emission limitation and reduction objectives,including through sectoral approach,where appropriate,as a tool to implement them,and provide financial support and technology transfer to developing countries.Developing countries will take nationally appropriate mitigation actions in the context of sustainable development,supported and enabled by technology,financing and capacity-building,in a measurable,reportable and verifiable manner,with a view to achieving a deviation from business as usual emissions.

15.We highlight the need for a shared vision for long term cooperative action,including a long term global goal for emission reductions,to achieve the ultimate objective of the Convention and to enable its full effective and sustained implementation,in accordance with the provisions and principles of the Convention,in particular,the principle of common but differentiated responsibilities and respective capabilities,and taking into account economic and social conditions and relevant other factors.We further stress that,for this shared vision to be credible,it requires all developed countries to take the lead by committing to ambitious and comparable legally binding emission reduction targets.We call upon the international community to consider most ambitious set of targets reflected in the4th Assessment Report of the Inter-governmental Panel on Climate Change.

16.We recognize that actions to reduce emissions from deforestation and forest degradation,and to enhance carbon sinks through the promotion of afforestation and reforestation,sustainable forest management,sound land use and sustainable production