An a minimum agreement, yesterday, on climate change between the eight industrialized countries (G8) and large emitters of CO, emerging countries in their negotiations on the second day of the L'Aquila Summit. Responsible for preparing the Copenhagen late December climate summit, the heads of State and Government of the 16 most polluting countries gathered in the Forum of major economies (MEF), in their final statement published in the evening, were indeed registered black and white their wish to limit to 2 C increase maximum Earth's temperature by 2050.
It is revealed the German Chancellor, Angela Merkel yesterday afternoon, adding that industrialized nations commits by the end of the intermediate quantified objectives with regard to the reduction of their emissions. Indeed, the day before, the G8 leaders agreed to their emissions by at least 50 of COd' here in 2050, or even 80 for some countries developed. In contrast to their agreement, no objective of reducing emissions of greenhouse gases was mentioned in the Declaration of the sixteen countries. The Brazil opposed by estimating that the deadline of 2050 was not credible without intermediate target in 2020, according to the Brazilian head of the climate negotiations, Luiz Alberto Figueiredo Machado. The Elysee Palace should nevertheless be satisfied. "Registration in the marble of the 2 C". "implicitly confirms the reduction of 50 of the emissions to 2050", indicated an Advisor prior to the Summit.
Global Green Fund
As revealed yesterday the Prime Minister of Sweden, Frédérik Reinfeldt, other meetings will be held here at the Copenhagen Summit to move forward on the subject. In particular on the funding of the efforts by each of the countries the Mexican proposal to create a green Global Fund contributions made by all countries of the world, except the poorest, seems to collect the consent of a good number of players.
In the morning, G8 industrialized and emerging countries of the G5, committed themselves to "resist protectionism" and to "encourage the opening of markets", according to their statement also issued yesterday afternoon (see below). They would also argue their desire to conclude the negotiations of the Doha round in 2010. "We made the commitment to reach a conclusion ambitious and balanced Doha development round in 2010 cycle," said the text, which is associated with the Australia, the Indonesia and the Korea of the South.
For its part, China, despite the absence of its President, Hu Jintao, is in is taken to the predominance of the dollar as international reserve currency by explicitly calling the diversification of the international monetary system. The Councillor of State Dais Bingguo said in the course of the meeting was to "maintain a relative stability of the exchange rate of the major reserve currencies and promote a more diversified and reasonable international monetary system". Yet, no reference to the international monetary system is made in the joint statement of the G8 and G5. As noted, yesterday, the British Prime Minister, Gordon Brown, the debate on the alternative reserve currency to the dollar is a long term discussion, cautioning against the fact that the opening of discussions, today, risked destabilizing the foreign exchange market. In contrast, 13 countries have reiterated their commitment to not resort to competitive devaluations of their currencies to the problems generated by the economic crisis.
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