Monday, July 13, 2009

G8 Supports Emissions Cuts: Developing Countries Object

The G8 agreed last week at its annual summit to support a goal of cutting global emissions by 50% by 2050 and of reducing emissions in wealthy countries by 80%. The problem though is that the G8 failed to get developing countries to accept an emissions reductions target of 50% by 2050. Representatives from emerging nations have expressed frustration that developed countries have not committed to mid-term targets or pledged financial or technological transfer to developing nations. The emerging nations believe the proposed long-term targets are meaningless. UN Secretary General Ban Ki-moon criticized leaders for failing to make deeper commitments. (Frank Maisano, 7/13/09)

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