Stern: Rich world must cut 80 per cent of carbon emissions
A leading economist has claimed that rich countries must commit to cutting carbon emissions by 80 per cent by 2050.
Nicholas Stern, a former economist for the British Treasury, said the only way to defeat the climate crisis was to ensure that global carbon emission levels peaked within 15 years and then halved from 1990 levels to 20 billion tonnes a year by 2050, then cut to ten billion thereafter, reports Reuters.
He also said that developing nations should have a time limit of 2020 imposed by when they should be reducing emissions. Cutting the global average of carbon emissions to just two tonnes per head from the current average of seven tonnes per head was also included in the targets.
"There is a real hurry for this. The developed world must lead by example," added Mr Stern.
According to the news agency, both Hillary Clinton and Barack Obama, currently battling out in state primaries as part of the presidential race, support an 80 per cent cut by 2050.
Article Date: 01 May 2008
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