Do More With Reuters
Partner Services

China, India oppose 2050 emissions cut goal -France

Wed Jul 9, 2008 1:12pm IST
 
Email | Print | | Single Page
[-] Text [+]

TOYAKO, Japan (Reuters) - China and India are not ready to sign up to a goal set by the Group of Eight industrial nations to reduce emissions of greenhouse gases by 50 percent by 2050, a French presidential aide said on Wednesday.

But the aide said the two fast-growing Asian economies, which together account for 25 percent of the emissions that scientists say are contributing to global warming, would be willing to take action later.

"China and India don't adhere for the time being to the goal of a 50 percent cut by 2050, but there is a willingness to participate later," the official told reporters.

He was speaking after the G8 -- Japan, Britain, Canada, Germany, France, Italy, Russia and the United States -- discussed climate change with China, India, South Africa, Mexico and Brazil. Those countries were later joined by Australia, South Korea and Indonesia in a so-called Major Economies Meeting.

The G8, especially the United States, says it cannot work towards its goal of halving carbon pollution unless fast-growing economies such as China agree to curb their own emissions.

President Hu Jintao said that China took climate change very seriously and that developing countries should make whatever contribution they can in the fight against global warming.

But he said the onus had to be on rich countries.

"Developed countries should make explicit commitments to continue to take the lead in emissions reductions," Hu said.

His remarks were distributed in English by Chinese officials.  Continued...

Dubai Debt Fears

Villas are seen on the The Palm, Jumeirah, with Atlantis, The Palm, under construction on the breakwater (crescent), May 3, 2008.  REUTERS/Jumana El Heloueh

Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets.  Full Article | Slideshow 

India Investment Summit 2009
India Investment Summit 2009

Top executives and bankers discuss their own plans and the broader opportunities and challenges for India.  Full Coverage 

Photo
People stroll outside the Taj Mahal hotel ahead of the first anniversary of the militant attacks in Mumbai, November 24, 2009.  REUTERS/Punit Paranjpe
Investors worry about another attack

The risk of militants striking again worries investors who fear that a second attack similar to last year's Mumbai raids could shake the economy.  Full Article | Full Coverage 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

road to Copenhagen

BLOGS

Photo
Calculated Move

Reliance aims big with $12 bln bid for LyondellBasell.  Blog 

SHOWCASE

Capital Raising
Capital Raising

Analysis - China banks' rush for billions could trip markets.  Full Article 

 
Photo
Bonus Payout

"Bonus" has become a dirty word on Wall Street.  Full Article 

 
Bubble trouble?
Bubble trouble?

With the BSE Sensex at around 17,000 points, are the Indian equity markets looking at a possible bubble?   Commentary 

 
Funding Blues
Funding Blues

A popular tactic used by Indian brokerages to raise money for rich clients is likely to be banned.  Full Article 

 
Recovery Path
Recovery Path

Indian techie logging out of downturn gloom.  Full Article 

 
Central Banks Cautious
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.   Full Coverage 

 
Risky Proposal
Risky Proposal

Rupert Murdoch courts trouble if he blocks Google on news.  Full Article