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G8-G5
·
On July 8,
2008 at
Sapporo
(Japan),
delegates
from G-5,
the five
leading
emerging
economies
caused a
stir by
issuing a
statement
criticising
the G8's
pledge to
reduce
greenhouse
emissions by
50% by 2050.
·
Five of the
biggest
emerging
economies,
Mexico,
Brazil,
China, India
and South
Africa have
virtually
challenged
the Group of
Eight
countries to
cut their
greenhouse
gas
emissions by
more than 80
pc by 2050.
·
The G5
countries
threw down
the gauntlet
in a
statement
before they
joined the
G8 summit in
Japan.
·
The joint
statement
from the G5
developing
nations
said: "It is
essential
that
developed
countries
take the
lead in
achieving
ambitious
and absolute
greenhouse
gas emission
reductions."
Mission
IAS’2009
·
G5
- India,
China, South
Africa,
Mexico and
Brazil
·
G8
- Britain,
Canada,
France,
Germany,
Italy,
Japan,
Russia and
the US
·
G8 in a
joint
statement on
climate
change said
“This
global
challenge
can only be
met by a
global
response, in
particular
by the
contributions
from all
major
economies”.
·
However,
developing
countries
like South
Africa
quickly
dismissed
the G8
agreement as
an “empty
slogan” that
would not
save the
planet from
global
warming.
·
The G8 has
issued
statements
on
several key
issues:
o
Aid and
development:
Commitment
to fulfil
earlier
pledge to
raise annual
aid levels
by $50bn by
2010, of
which $25bn
is intended
for Africa
o
Global food
prices: Call
for
countries
with
sufficient
food stocks
to release
reserves to
others
struggling
to cope with
rising costs
o
Biofuels:
Pledge to
ensure
biofuel
policies are
compatible
with food
security.
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