Via Jake Schmidt at NRDC, the declaration [.pdf] from the G-8 meeting has been released.
Significantly,
the G-8 leaders (US, Canada, UK, France, Italy, Russia, Germany, Japan)
agree that the global average temperature should not exceed 2° from
pre-industrial levels and that there should be a 50% global reduction
of greenhouse gas emissions by 2050. Furthermore, developed countries
should reduce their emissions "in aggregate by 80% or more by 2050
compared to 1990 or more recent years." The G8 countries also pledge
to "undertake robust aggregate and individual mid-term reductions,
taking into account that baselines may vary."
On the one hand, it is good to see that a 2° warming
limit should be achieved. However, without explicit mid-term (2020)
reduction targets, it is unclear how exactly the world will get to that
level. The science tells us that
immediate action needs to be taken on reductions to stabilize the
amount of carbon in the atmosphere and the economics tells us that it
will be cheaper to take these actions in the near term.
The fact
that there was such wiggle room in the base year for measuring
reductions is troubling. The US and Japan have been obfuscating the
extent of their commitment by using more recent years as their base--as
opposed to the 1990 levels that are the base years for the Kyoto
Protocol. Thus, the Waxman-Markey Bill promises a "17% reduction" in
emissions by 2020 using 2005 as the base year. In reality, the
reduction only gets the US to 4% of the 1990 levels--lower than our
negotiated obligations under Kyoto.
Tomorrow the G-8 leaders will
be joined by representatives of the "Major Economies"--most notably
developing countries such as China, Mexico, India, and South Africa. As I posted earlier, these countries are not likely to embrace the current G-8 language without developed country mid-term targets.