G8-G5 summit: World powers accept warming limit.Byline: ANI
L'Aquila (Italy), July 10 (ANI): Developed and developing nations have agreed that global temperatures should not rise more than two degrees Celsius above 1900 levels, a G8 summit declaration has said.
That is the level above which, the UN says, the Earth's climate system would become dangerously unstable.
US President Barack Obama said the countries had made important strides in dealing with climate change.
But the G8 failed to persuade developing countries to accept targets of cutting emissions by 50 percent by 2050.
According to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. the BBC BBC
in full British Broadcasting Corp.
Publicly financed broadcasting system in Britain. A private company at its founding in 1922, it was replaced by a public corporation under royal charter in 1927. , on Wednesday, the G8 agreed its own members would work towards 80 percent cuts by the same date.
UN Secretary General Ban Ki-moon Ban Ki-Moon (bän kē-mn), 1944–, South Korean diplomat, secretary-general of the United Nations (2007–), b. Chungju, grad. Seoul National Univ. (B.S. said the G8 had not done enough and should also set 2020 targets.
He said that while the G8's Wednesday agreement was welcome, its leaders also needed to establish a strong and ambitious mid-term target for emissions cuts.
The second day of the summit, in the Italian city of L'Aquila, opened its discussions to take in the so-called G5 nations - Brazil, China, India, Mexico and South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. . Egypt is a special invitee An individual who enters another's premises as a result of an express or implied invitation of the owner or occupant for their mutual gain or benefit.
For example, a customer in a restaurant or a depositor entering a bank to cash a check are both invitees. .
In other developments, the world's biggest economies also agreed to work to reach a global trade deal by 2010.
Leaders of major developed and developing nations have agreed not to resort to competitive currency devaluations Currency devaluation
A deliberate downward adjustment in the official exchange rates established, or pegged, by a government against a specified standard, such as another currency or gold.
In a joint statement, President Obama and UK Prime Minister Gordon Brown said the detention of British embassy staff by the Iranian authorities was unacceptable
The Major Economies Forum, of 16 developed and developing nations - the G8, G5, AUSTRALIA, South Korea and Indonesia - plus the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the
European Community , issued the latest declaration.
The group accounts for about 80 percent of the world's total greenhouse gas greenhouse gas
Any of the atmospheric gases that contribute to the greenhouse effect.
greenhouse gas emissions.
Obama said developed nations had a "historic responsibility to take the lead"
"We recognise the scientific view that the increase in global average temperature above pre-industrial levels ought not to exceed 2C," it said.
It added that the economies would work towards a global goal for substantially reducing emissions by 2050 between now and December, when the UN holds talks in Copenhagen on a successor to the Kyoto treaty.
Obama, who chaired the meeting, said the countries had had a candid and open discussion about the growing threat of climate change and what must be done both individually and collectively to address it.
"I believe we've made some important strides forward as we move towards Copenhagen," he said.
"I don't think I have to emphasise that climate change is one of the defining challenges of our time. The science is clear and conclusive and the impacts can no longer be ignored."
R K Pachauri, who chairs the Inter-governmental Panel on Climate Change, praised the declaration's mention of the 2C limit but said more details were needed.
"It certainly doesn't give you a roadmap on how you should get there but at least they've defined the destination," he told the BBC.
Obama added that the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , as a major polluter, had not met its responsibilities in the past, but those days were over. (ANI)
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