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Thu, 09 Jul 2009 International

G8 Set New Global Warming Targets

By Daily Guide

The Obama administration and other world leaders on Wednesday backed new targets for battling global warming, a move the Bush White House had resisted.

White House officials confirmed that President Barack Obama agreed to language supporting a goal a goal of keeping the world's average temperature from rising more than 2 degrees Celsius (3.6 degrees Fahrenheit).

The agreement by the Group of Eight industrialized nations, meeting in Italy, marks a significant step in efforts to limit greenhouse gases blamed for the world's rising temperature. The G-8 previously had not been able to agree on that temperature limit as a political goal.

It remains only a target, however, and it is far from clear that it will be met, especially as China, India and other rapidly industrializing nations generate and consume more energy from coal and other sources.

Climate change experts say the 2-degree threshold wouldn't eliminate the risk of runaway climate change but would reduce it. Even a slight increase in average temperatures could wreak havoc on farmers around the globe, as seasons shift, crops fail and storms and droughts ravage fields, scientists say.

The U.S. and other nations objected to a farther-reaching climate goal, supported by some Europeans and environmental activists. It would have committed industrialized nations to reduce their greenhouse gas emissions by 80 percent by 2050, part of a global effort to reduce overall emissions by 50 percent.

G-8 leaders also agreed that the global economy is too shaky to begin rolling back massive fiscal stimulus plans right now, according to a draft statement obtained by The Associated Press.

The leaders said in the draft that they "note some signs of stabilization" but continued to stress the difficult outlook instead of concerns over debt and high spending.

"The economic situation remains uncertain and significant risks remain to economic and financial stability," the draft read. "We will take, individually and collectively, the necessary steps to return the global economy to a strong, stable and sustainable growth path."

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