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16 major CO2 emitters vow to ensure 'deep cuts' in emissions (July 9 ,2008)

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 by 2050.

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 a one-day meeting in Toyako, Hokkaido.

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

''The developed major economies will implement, consistent with international obligations, economy-wide mid-term goals and take corresponding actions in order 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 a deviation from business as usual emissions,'' it said.

The meeting of the U.S.-initiated MEM was held on the sidelines of the three-day summit of the Group of Eight countries 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, calling for 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 1990 levels 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-5 leaders said in a political declaration issued after a meeting in Sapporo.

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 global warming.

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

==Kyodo

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