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Oil shock helps put global warming on G8's back burner Print E-mail
Written by Economic Times   
Tuesday, 01 July 2008
 

PARIS: The Group of Eight (G8) is set to fudge its decision on climate change next week, reflecting the issue's weaker status in the absence of European campaigning and in the face of sky-high oil prices.

A year ago, on the back of blunt warnings by UN scientists, global warming dominated the G8 summit in Heiligendamm.

Overcoming fierce US resistance, Germany coaxed the rich nations' club into agreeing to "consider seriously" the aim of at least halving worldwide emissions of greenhouse gases by 2050.

Today, scientific concern about climate change has if anything deepened -- but the political focus on it has blurred.

"We have resources. We have technologies. But largely lacking is the political will," UN Secretary General Ban Ki-moon said on Sunday ahead of the July 7-9 gathering in Toyako, northern Japan.  Read rest…

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