The agreement reached at the recent summit of the Group of Eight industrial nations (the G8) held in Italy to limit global warming to no more than 2 degrees Celsius (3.6 degrees Fahrenheit) could help a post-Kyoto Protocol treaty materialize in December 2009.

According to Jose Manuel Barroso, president of the European Commission (EC), an agreement on the global temperature target, especially by the developing economies like the United States, could form the global benchmark and catalyst for the crucial negotiations on climate change to be held in Copenhagen in Denmark in December 2009.

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The summit of the Group of Eight industrial nations – the G8 – being held in Italy has agreed to try limiting global warming to 2 degrees Celsius (3.6 Fahrenheit) and also cut greenhouse-gas emissions in the member-nations by 80%.

The goal of limiting global warming to 2 degrees Celsius was adopted, for the first time, by the United States, Russia, Japan and Canada. This target had already been agreed on in 1996 by the European Union and its G8 member-countries, the United Kingdom, France, Germany and Italy.

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Japan’s PM Taro Aso is ordering his ministries to draft a “Green New Deal” this week. The “Green New Deal” is expected to counter the twin towers threats of climate change and economic downturn.

Green New Deal

Aso’s stimulus package will focus on slashing greenhouse gases.

Aso is expected to fall in step with new US President Barack Obama vow to lead the world on climate change. High on the agenda – new measures to encourage the development of fuel-efficient cars.

UN Secretary General Ban Ki-moon is also asked for a “Green New Deal” at a UN climate conference in Poland in December. (more…)