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Published: Thursday 15 August, 2013

designer bag outlet designer bag outlet Global Business Urges Countries To Cut Greenhouse Gases

climate treaty by agreeing Tuesday that the world must cut greenhouse gas emissions in half by midcentury by setting specific limits on carbon.

Government officials reported little progress in setting such limits, however, show designer bag outlet ing how distant a new treaty remains.

Some 500 CEOs and other top business experts said at the conclusion of the threeday World Business Summit on Climate Change in Denmark that immediate and substantial emissions cuts were needed by 2020, followed by cuts of at least 50 percent of 1990 levels by 2050. They said governments should use the marketplace to set a global price on carbon instead of taxing it, according to a statement from conference organizers.

Under capandtrade, the government establishes a market for carbon dioxide by distributing credits to companies that emit greenhouse gases. The companies can then invest in technologies to reduce emissions to reach a certain target or buy credits from other companies that already have met their emission reduction goals.

But there is widespread dispute over the details of how capandtrade would work, with critics saying it would lead to higher costs for some consumers and could hurt bruised economies. meeting in Copenhagen on replacing the 1997 Kyoto Protocol should be limiting the global average rise in temperature to a maximum of 2 degrees Celsius. government estimate.

There is nothing to be gained through delay, the statement said, and the richest countries should be the first to make the biggest emissions cuts.

Danish Prime Minister Lars Loekke Rasmussen told participants your words are sweet music in my ears, and called for developed countries to lead the way and enact emissions cuts of 80 percent from 1990 levels by 2050.

But doing that will be difficult. At a separate meeting in Paris, French Environment Minister JeanLouis Borloo, playing host to talks among the worlds biggest polluters, said the United States had backpedaled on promises to slash carbon emissions but China appeared absolutely determined to make deep cuts. carbon emissions.

We want to tell them, Yes, you can, you can do a lot more, Borloo told Europe1 radio in a report card on the Major Economies Forum, which brought together the 17 countries that produce fourfifths of global carbon emissions. negotiator on climate change, Todd Stern, defended the Obama administrations commitment to what he called a seismic change in the countrys carbon emissions and attitude toward fighting global warming. targets were on a par with what Europe is proposing though are calculated differently.

I dont think they are going to match. I dont think they need to match, he said. We advanced the ball, though we have a long way to go to get to Copenhagen.

Obama has called for an 83 percent reduction in greenhouse gases from 2005 levels by the year 2050 using capandtrade. His budget plan had banked on raising $646 billion in revenues from 2012 to 2019 from auctioning emission credits to companies, but it appears unlikely to gain Congress approval.

If governments agree in Copenhagen in December to set new limits to make carbon dioxide a scarcer commodity, CEOs said, their companies can lead the way to a greener economy.

The 1997 Kyoto Protocols mandatory cuts in greenhouse gases, which have produced mixed results, expire in 2012.

The United States never signed on to Kyoto, citing the costs to the economy and lack of participation by China, India and other fastdeveloping countries. But some of those countries have said rich countries are not aggressive enough in designer bag outlet cutting their own emissions.

The designer bag outlet hosts of the Paris meeting said they made progress on finding $100 billion a year to help poor countries limit pollution and adapt to climate change. designer bag outlet