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G8 agrees tough action on climate | G8 agrees tough action on climate |
(10 minutes later) | |
World leaders have agreed to set a global target of cutting carbon emissions by at least 50% by 2050 in an effort to tackle global warming. | |
Japan's Prime Minister Yasuo Fukuda, who is hosting a summit of the Group of Eight industrialised nations, announced the deal after all-night negotiations. | Japan's Prime Minister Yasuo Fukuda, who is hosting a summit of the Group of Eight industrialised nations, announced the deal after all-night negotiations. |
Last year's G8 summit pledged only to "seriously consider" the cuts. | Last year's G8 summit pledged only to "seriously consider" the cuts. |
The leaders have also expressed serious concerns about the threat posed to the global economy by soaring oil prices. | The leaders have also expressed serious concerns about the threat posed to the global economy by soaring oil prices. |
But the leaders said they remained positive about the long-term resilience of their economies, so long as countries resisted the introduction of trade barriers. | |
Divisions | |
The summit is taking place in Toyako, on the Japanese island of Hokkaido. | |
Leaders from the G8 nations - Britain, Canada, France, Germany, Italy, Japan, Russia and the United States - are being joined by counterparts from some 15 other countries. | |
Climate change has been one of the stickiest issues tackled by the G8 leaders, with divisions over what targets should be set and what would be expected of developing countries. | |
In a joint statement, the G8 leaders said they would work with nearly 200 states in United Nations climate change talks to adopt a goal of halving greenhouse gas emissions by 2050. | |
They also said that mid-term targets and national plans would be needed to achieve their aim. |