Friday, July 10, 2009

Obama: Leaders will work together on climate

G-8 leaders wait for an aide to remove toe markers as they pose for a family photo in L'Aquila, Italy, on July 8.

L'AQUILA, Italy (CNN) -- Leaders of both industrialized powers and emerging economies have agreed to work together on setting a goal to limit global warming to levels recommended by scientists, U.S. President Barack Obama said at the G-8 summit.

The G-8 countries -- comprising the United States, Britain, France, Germany, Italy, Japan, Canada and Russia -- agreed to a target of reducing their carbon dioxide emissions by 80 percent by the year 2050 to try to prevent the Earth's atmosphere from warming by more than 2 degrees Celsius (3.6 degrees Fahrenheit), Obama said.

Thursday's meeting with emerging economies including China also secured a commitment from the developing countries to work for limiting global warming to the 2 degree Celsius threshold, Obama said. "Developing countries among us will promptly undertake actions whose projected effects on emissions represent a meaningful deviation from business as usual in the midterm, in the context of sustainable development, supported by financing, technology, and capacity-building," said the declaration from Thursday's Major Economies Forum on Energy and Climate.

The declaration stopped short of setting targets for the developing nations. Obama said the emerging economies agreed to work toward setting specific targets. Watch report from CNN's Ed Henry »

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