AUSTRALIA has declared it will not go beyond a 5 per cent cut in greenhouse gas emissions by 2020 without guaranteed action by major emitters including the US, China and India. The Government’s formal submission to the Copenhagen Accord – the widely criticised agreement hatched between the US and major developing countries at the conference last month – pledges to cut emissions between 5 and 25 per cent below 2000 levels. It is the same range taken to the December meeting, bucking some expectations the Government would commit to a specific target. Climate Change Minister Penny Wong said the Government would stick to its minimalist position unless there was substantial and verifiable action internationally. If the impasse in global climate negotiations is not resolved in 2011, the Government will set a 5 per cent target under its proposed emissions trading scheme, giving business certainty for the planned start of full trading in July 2012.