ID :
11428
Fri, 07/04/2008 - 17:37
Auther :
Shortlink :
https://oananews.org//node/11428
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G-5 nations to meet for talks on climate change before G-8 summit
TOKYO, July 3 Kyodo - Leaders of five major emerging economies will meet next Tuesday in Sapporo to discuss climate change, the world economy and food security before meeting with Group of Eight leaders Wednesday at the Lake Toya resort area in Hokkaido, diplomatic sources said Thursday.
The leaders of Brazil, China, India, Mexico and South Africa plan to issue a political statement after the Sapporo gathering where they are expected to urge the G-8 to take the lead in fighting global warming by setting greenhouse gas emissions reduction targets for 2020 and to strengthen the monitoring of speculative fund flows in commodity markets to curb surges in oil and food prices, the sources said.
It will be the first time leaders of the so-called Group of Five countries have issued such a statement.
With the release of the statement, the G-5 leaders hope that their views on such key issues will be reflected in the G-8 chair's summary and other documents to be issued after the three-day summit ends Wednesday.
The summit will bring together leaders of Britain, Canada, France, Germany, Italy, Japan, Russia and the United States.
Japan, which will chair the summit, has invited the five emerging economies to attend an outreach session and a working lunch with the G-8 leaders on Wednesday, mirroring their growing clout in the world economy.
The five are also scheduled to take part in a U.S.-led meeting of 16 major greenhouse gas emitters Wednesday on the sidelines of the summit.
The U.S.-led Major Economies Meeting on Energy Security and Climate Change, or the MEM, groups the G-8 countries, Australia, Brazil, China, India, Indonesia, Mexico, South Korea and South Africa, accounting for about 80 percent of the world's emissions of carbon dioxide and other greenhouse gases. The European Union takes part in both the G-8 and MEM process.
One diplomatic source said he wants the G-5 leaders to go so far as to demand that the G-8 and other developed countries as a group slash emissions by 25 to 40 percent below 1990 levels by 2020, a range advocated by the U.N. Intergovernmental Panel on Climate Change.
The leaders of Brazil, China, India, Mexico and South Africa plan to issue a political statement after the Sapporo gathering where they are expected to urge the G-8 to take the lead in fighting global warming by setting greenhouse gas emissions reduction targets for 2020 and to strengthen the monitoring of speculative fund flows in commodity markets to curb surges in oil and food prices, the sources said.
It will be the first time leaders of the so-called Group of Five countries have issued such a statement.
With the release of the statement, the G-5 leaders hope that their views on such key issues will be reflected in the G-8 chair's summary and other documents to be issued after the three-day summit ends Wednesday.
The summit will bring together leaders of Britain, Canada, France, Germany, Italy, Japan, Russia and the United States.
Japan, which will chair the summit, has invited the five emerging economies to attend an outreach session and a working lunch with the G-8 leaders on Wednesday, mirroring their growing clout in the world economy.
The five are also scheduled to take part in a U.S.-led meeting of 16 major greenhouse gas emitters Wednesday on the sidelines of the summit.
The U.S.-led Major Economies Meeting on Energy Security and Climate Change, or the MEM, groups the G-8 countries, Australia, Brazil, China, India, Indonesia, Mexico, South Korea and South Africa, accounting for about 80 percent of the world's emissions of carbon dioxide and other greenhouse gases. The European Union takes part in both the G-8 and MEM process.
One diplomatic source said he wants the G-5 leaders to go so far as to demand that the G-8 and other developed countries as a group slash emissions by 25 to 40 percent below 1990 levels by 2020, a range advocated by the U.N. Intergovernmental Panel on Climate Change.
