G8's step forward
www.chinaview.cn 2009-07-10 10:45:27   Print

    BEIJING, July 10 -- The leaders of the eight most industrialized countries have taken a positive step toward tackling climate change during their summit meeting in L'Aquila, Italy, by vowing to limit global warming to within 2 degrees celsius above pre-industrial levels.

Leaders of the Group of Eight (G8) industrialized countries and five major developing countries agreed here on Thursday to reform financial institutions, boost development and conclude the Doha Round trade talks.

Chinese State Councilor Dai Bingguo (1st L Back), on behalf of Chinese President Hu Jintao, poses for a family photo with leaders of the G8 countries and five other developing countries, in L'Aquila of Italy, July 9, 2009. Dai Bingguo on Thursday called for more international efforts to push for recovery of the world economy. Leaders of the G8 industrialized countries - Britain, Canada, France, Italy, Germany, Japan, Russia and the U.S. - and six developing countries, namely Brazil, China, Egypt, India, Mexico and South Africa, met in L'Aquila on Thursday to discuss economic issues, climate change, trade and other international issues. (Xinhua/Huang Jingwen)
Photo Gallery>>>

    It is the first time that the G8 leaders have accepted such a political goal in the global fight against climate change. The joint commitment is of vital importance for the future of this planet as the global climate is expected to become warmer by a few degrees within just a few decades if no remedial measures are taken now.

    The dangerous effect of this seemingly small-scale rise in temperature should not be underestimated. It was a warming of the global climate by just a few degrees - though over the course of thousands of years - that had brought an end to the last ice age. Scientists have warned that there would be serious climate consequences if the world temperature rise exceeds the threshold of 2 degrees celsius. What the world leaders agree on today will have a far-reaching effect over whether a global disaster can be averted in the decades to come.

    Thus, it is regrettable that the leaders remain vague about specific targets for their own countries, which cannot but cast doubts over their determination and earnestness in addressing the urgent issue. Without setting a good example, they will find it hard to make common cause with the emerging economies in this fight against a peril that threatens all mankind.

    Meanwhile, it is noticeable that the G8 countries, out of consideration of their own interest, have watered down the target of halving greenhouse gas emissions by 2050. While pledging to cut global emissions of greenhouse gases by at least 50 percent by 2050, they didn't specify the baseline year.

    The EU has been in favor of the base year of 1990, while the US wants to use as the reference the level of 2005, which is much higher than that of 1990. Leaving the issue open means there would be a bigger tug-of-war over how and what concessions could be made in the run up to the UN Climate Change Conference to be held in Copenhagen later this year.

    The leaders of the five emerging economies, known as G5, are justified in reaffirming the principles of common but differentiated responsibilities and respective capabilities.

    The developing nations - being the most vulnerable to the adverse effects of climate change - are in dire need of help from the developed world to adapt to the challenges of global warming.

    The developed countries - which are responsible for generating 90 percent of the greenhouse gases in the past half century - must shoulder the responsibility to provide climate-friendly technology, financing and capacity building to support and enable developing countries to take "mitigation actions in the context of sustainable development". This is a responsibility that the developed countries can shirk only at their own peril.

    (Source: China Daily)

Leaders from the Group of Eight (G8) industrialized countries began their summit Wednesday, with the economic crisis and climate change at the top of their three-day agenda.

Germany's Chancellor Angela Merkel is pictured at the opening of a round table session at the G8 summit in L'Aquila July 8, 2009. (Xinhua/Reuters Photo)
Photo Gallery>>>

G8 countries set deadline for Iran to cooperate

    L'AQUILA, Italy, July 9 (Xinhua) -- The Group of Eight (G8) industrialized countries have set a September deadline for Iran to cooperate and accept negotiations on its nuclear issue.

    "We sincerely hope that Iran will seize this opportunity to give diplomacy a chance to find a negotiated solution to the nuclear issue," the G8 leaders said in a statement after they concluded the first day of their annual summit in the central Italian town of L'Aquila late Wednesday. Full story

Russia rejects G8 emission cut target 

    L'AQUILA, Italy, July 9 (Xinhua) -- Russia cannot accept a target set by the Group of Eight (G8) leaders for developed countries to cut greenhouse gas emission by 80 percent by 2050, the Russian president's top economic aide said.

    "For us the 80 percent figure is unacceptable and likely unattainable," Arkady Dvorkovich told reporters shortly after the G8 leaders agreed on emission cut targets on Wednesday. Full story

Chinese State Councilor attends G8, G5 leaders' meeting 

    L'AQUILA (Italy) July 9 (Xinhua) -- On behalf of Chinese President Hu Jintao, State Councilor Dai Bingguo attended the leaders' meeting of the Group of Eight (G8) and five leading emerging economies (G5) on Thursday morning in the earthquake-torn Italian city of L'Aquila.

    The state councilor was set to address the meeting to expound China's position on a wide range of global issues, like world economic recovery, climate change, energy security, food security and trade, according to Chinese diplomats. Full story

G8 leaders discuss world economy, climate change

    L'AQUILA, Italy, July 8 (Xinhua) -- Leaders from the Group of Eight (G8) major industrialized countries saw significant risks to the world economy and watered down a target of reducing greenhouse gas emissions at a meeting on Wednesday.

    "While there are signs of stabilization, including a recovery of stock markets, a decline in interest rate spreads, improved business and consumer confidence, the situation remains uncertain and significant risks remain to economic and financial stability," the leaders said in a declaration concluding their first-day meeting at a summit in the central Italian town of L'Aquila. Full story

G8 leaders lower target of emission reduction

    L'AQUILA, Italy, July 8 (Xinhua) -- Leaders from the Group of Eight (G8) major industrialized countries agreed on Wednesday to limit global warming to within two degrees Celsius above pre-industrial levels, but lowered their target of halving greenhouse gas emissions by 2050.

    "We recognize the broad scientific view that the increase in global average temperature above pre-industrial levels ought not to exceed two degrees Celsius," the leaders said in a declaration concluding their first-day summit talks in the central Italian town of L'Aquila. Full story

G8 summit aims at enhancing confidence in global economy

    L'Aquila, Italy, July 8 (Xinhua) -- The Group of Eight (G8) summit meeting opened in L'Aquila, Italy on Wednesday at a time when the global economy is still in grave difficulties, although the worst time of the recession may be over.

    So how to pull the economy out of the recession, the worst since the early 1930s, is one of the major topics discussed at the meeting by the leaders of G8 countries -- the United States, Germany, Japan, France, Britain, Italy, Canada and Russia. Full story

G8 leaders kick off summit on economic crisis, climate change

    L'AQUILA, Italy, July 8 (Xinhua) -- Leaders from the Group of Eight (G8) industrialized countries began their summit Wednesday, with the economic crisis and climate change at the top of their three-day agenda.

    The summit started with a working luncheon, with the bulk of the first-day discussion generally focusing on the troubled global economy. Full story

Editor: Bi
Related Stories
Home World
  Back to Top