Leaders of the world’s eight developed countries (G8) have agreed to limit the rise in global temperatures to no more than 2 degrees Celsius (3.6 degrees Fahrenheit).
US President Barack Obama backed new targets aimed at fighting global warming. But the G8 leaders couldn't persuade developing countries to commit to reducing greenhouse gas emissions. And they stopped short of urging them to set targets.
The G8 leaders, from the US, Britain, Canada, France, Germany, Italy, Japan and Russia, are meeting at a summit in Italy, to discuss climate change and global economic slowdown.
The leaders said they are committed to achieving a 50 per cent reduction in global emissions by 2050 and to a goal of an aggregate 80 per cent or more reduction by developed countries by that time.
The G8 leaders agreed to make substantial cuts in their emissions. The agreement can be considered as a major step in limiting greenhouse gases given that the G8 had not been able to agree on temperature limit in the past summits. Sceptics, however, are suspicious as to whether these targets will ever be met.
In the Thursday's session discussions are likely to revolve around major environmental summit in Copenhagen to be held at the end of the year.
US President Barack Obama backed new targets aimed at fighting global warming. But the G8 leaders couldn't persuade developing countries to commit to reducing greenhouse gas emissions. And they stopped short of urging them to set targets.
The G8 leaders, from the US, Britain, Canada, France, Germany, Italy, Japan and Russia, are meeting at a summit in Italy, to discuss climate change and global economic slowdown.
The leaders said they are committed to achieving a 50 per cent reduction in global emissions by 2050 and to a goal of an aggregate 80 per cent or more reduction by developed countries by that time.
The G8 leaders agreed to make substantial cuts in their emissions. The agreement can be considered as a major step in limiting greenhouse gases given that the G8 had not been able to agree on temperature limit in the past summits. Sceptics, however, are suspicious as to whether these targets will ever be met.
In the Thursday's session discussions are likely to revolve around major environmental summit in Copenhagen to be held at the end of the year.
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