49. Tackling climate change is a global priority. We, members of the G8, have undertaken ambitious measures, and are committed to long-term efforts, with a view to doing our part to limit effectively the increase in global temperatures below 2 degrees Celsius above pre-industrial levels, consistent with science. We express our determination to act as part of a larger global effort to address this threat as well as our solidarity with developing countries, particularly the poorest and most vulnerable.
50. We reaffirm our willingness to share with all countries the goal of achieving at least a 50% reduction of global emissions by 2050, recognising that this implies that global emissions need to peak as soon as possible and decline thereafter. We are cooperating to that end. As part of this effort, we also support a goal of developed countries reducing emissions of greenhouse gases in aggregate by 80% or more by 2050, compared to 1990 or more recent years. Consistent with this ambitious long-term objective, we will undertake robust aggregate and individual mid-term reductions, taking into account that baselines may vary and that efforts need to be comparable. Similarly, major emerging economies need to undertake quantifiable actions to reduce emissions significantly below business-as-usual by a specified year.
51. We are determined to do our part to reach those objectives and move rapidly towards a low-carbon economy that will generate significant benefits for the protection of the environment and health, for energy savings and energy security, while also delivering job opportunities and growth.
52. We welcome the outcome of the Cancun Conference, which marked a successful effort [sic] of the international community building on the Copenhagen Accord. We welcome the positive spirit in which the Cancun Conference took place and progress made under the UN Framework Convention on Climate Change (UNFCCC). We support the provisions adopted including those related to transparency, mitigation, finance (in particular the creation of the Green Climate Fund), adaptation, technology and the fight against deforestation and forest degradation -- REDD+.
53. The Durban Conference at the end of the year (COP 17) will be another important step forward, for working towards a comprehensive, ambitious, fair, effective and binding agreement involving all countries, and including the respective responsibilities of all major economies to reduce greenhouse gas emissions. We need to operationalise the Cancun Agreements and deal with unresolved issues. .
Kyoto deal loses four big nations
DEAUVILLE, France: Russia, Japan and Canada told the G8 they would not join a second round of carbon cuts under the Kyoto Protocol at United Nations talks this year and the US reiterated it would remain outside the treaty, European diplomats have said.
The future of the Kyoto Protocol has become central to efforts to negotiate reductions of carbon emissions under the UN's Framework Convention on Climate Change, whose annual meeting will take place in Durban, South Africa, from November 28 to December 9.
Developed countries signed the Kyoto Protocol in 1997. They agreed to legally binding commitments on curbing greenhouse gas emissions blamed for global warming. Those pledges expire at the end of next year. Developing countries say a second round is essential to secure global agreements. But the leaders of Russian, Japan and Canada confirmed they would not join a new Kyoto agreement, the diplomats said. They argued that the Kyoto format did not require developing countries, including China, the world's No. 1 carbon emitter, to make targeted emission cuts.
At last Thursday's G8 dinner the US President, Barack Obama, confirmed Washington would not join an updated Kyoto Protocol, the diplomats said. The US, the second-largest carbon emitter, signed the protocol in 1997 but in 2001 the then president, George W. Bush, said he would not put it to the Senate for ratification.