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The Low Carbon Economy Ltd

13 Jul 2009 11:07:05

G8 nations called to make 40 percent emissions cuts



G8 nations called to make 40 percent emissions cuts
Developing nations will commit to global targets on carbon dioxide emissions if the world's largest economies pledge to a 40 percent cut by 2020, it has been suggested.

According to the Guardian, a senior diplomat has claimed that many of the world's most rapidly developing economies expect the G8 nations to lead the way in reducing their carbon footprints.

This week, the G8 agreed at a meeting in L'Aquila, Italy, to cut its emissions by 80 percent by 2050, by which point it suggested that worldwide emissions should be reduced by a half.

However, the newspaper suggested that a 40 percent reduction by 2020 would be unfeasible for both the EU and the US.

Speaking to the Guardian, Luis Alfonso de Alba, who represented developing countries at the G8 summit, said that calls for the cut were based on recommendations made by UN climate change scientists.

He was quoted as saying: "It does not have to be a specific target of 40 percent. That is what we hope to achieve, but this is a process of negotiation."

In a document published on July 9th, the G8 leaders highlighted the importance of increasing investment in renewable energy and carbon sequestration technologies.

The Responsible Leadership for a Sustainable Future declaration read: "We recognise the need to scale up investments in energy infrastructures and technological innovation, and to adapt regulatory and institutional frameworks where necessary, to increase energy diversification and improve energy efficiency."

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