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G8: Summit Concludes with Agreement on Climate Change

G8

8 July 2008: The Group

of Eight Industrialized Countries (G8) Hokkaido Toyako

Summit took place from 7-9 July 2008

in Japan. On 8 July, the G8 leaders agreed on a Document on Environment and

Climate Change. The leaders of the G8

agreed to share with parties to the UNFCCC the vision of a goal of achieving at

least 50% reduction of global emissions by 2050, recognizing that this global

challenge can only be met by the contributions from all major economies,

consistent with the principle of common but differentiated responsibilities and

respective capabilities.

The G8 stated that achieving the ultimate objective of

the UNFCCC will only be possible through common determination of all major

economies, over an appropriate time frame, to slow, stop and reverse global growth

of emissions and move towards a low-carbon society, and noted the need to accelerate

the deployment of existing technologies, and development and deployment of

low-carbon technologies. The G8 underscored the importance of mid-term goals

and national plans and acknowledged their leadership in implementing ambitious

mid-term goals, reflecting comparable efforts among all developed economies,

taking into account differences in their national circumstances. The G8 also

stated that they will help support the mitigation plans of major developing

economies with technology, financing and capacity-building, and note that all

major economies will need to commit to meaningful mitigation actions to be

bound in the international agreement to be negotiated by the end of 2009. The

G8 also emphasized the importance of discussions in the International Civil

Aviation Organization and International Maritime Organization for limiting or

reducing emissions in the international aviation and maritime sectors. [G8 Website] [Environment and

Climate Change] [G8

Document Index]