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11970
Thu, 07/10/2008 - 10:11
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16 major CO2 emitters vow to ensure 'deep cuts' in emissions

TOYAKO, Japan, July 10 Kyodo - Leaders of 16 major greenhouse gas emitters agreed Wednesday that they will strive to ensure ''deep cuts'' in global emissions to address climate change, but stopped short of specifying a target such as halving global emissions by2050.

Developing economies of the Major Economies Meeting on Energy Security and Climate Change, or MEM, agreed to curb an increase in future emissions, while developed economies showed willingness to set national emissions reduction targets for 2020 or 2030, the leaders said in a declaration issued after aone-day meeting in Toyako, Hokkaido.

During the meeting, Indonesia, South Korea and Australia threw their support behind the Group of Eight leaders' call Tuesday for other countries to share the goal of slashing emissions at least by half by 2050, according to a seniorJapanese official.

MEM leaders agreed to continue climate policy coordination among the 16 countries -- including the G-8 countries and emerging powerhouses China and India -- and to meet again on the sidelines of next year's G-8 summit inMaddalena, Italy, the official said.

''We urge that serious consideration be given in particular to ambitious IPCC(Intergovernmental Panel on Climate Change) scenarios,'' the declaration said.

One of the scenarios advocates halving global emissions by 2050.

''The developed major economies will implement, consistent with international obligations, economy-wide mid-term goals and take corresponding actions inorder to achieve absolute emission reductions,'' the declaration said.

''The developing major economies will pursue, in the context of sustainable development, nationally appropriate mitigation actions, supported and enabled by technology, financing and capacity-building, with a view to achieving adeviation from business as usual emissions,'' it said.

The meeting of the U.S.-initiated MEM was held on the sidelines of the three-day G-8 summit through Wednesday. The G-8 groups Britain, Canada, France,Germany, Italy, Japan, Russia and the United States.

The MEM gathering came a day after leaders of five major emerging economies urged developed countries to ''take the lead'' in reducing emissions, callingfor 80-95 percent cuts from 1990 levels by 2050.

The leaders of Brazil, China, India, Mexico and South Africa, known as the Group of Five countries for their growing clout in the world economy, also requested that industrial countries slash emissions by 25-40 percent below 1990levels by 2020.

''It is essential that developed countries take the lead in achieving ambitious and absolute greenhouse gas emissions reductions in accordance with their quantified emission targets under the Kyoto Protocol after 2012,'' the G-5leaders said in a political declaration issued after a meeting in Sapporo.

However, the G-5 leaders did not push developed countries to implement suchtargets during the MEM talks, according to the Japanese official.

MEM involves the G-8 countries and the G-5 members plus Australia, Indonesia and South Korea, which together account for about 80 percent of the world's emissions of carbon dioxide and other greenhouse gases thought to cause globalwarming.

The European Union participates in both the G-8 and MEM processes.

==Kyodo

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