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Posted Wed Oct 7 2009: from BusinessGreen:
Rich nations' carbon targets condemn planet, report warns
The study analysed the carbon targets proposed by the European Union, Japan, Russia, New Zealand, Australia, Norway, Belarus, Ukraine and Canada as well as those set out in the US Waxman-Markey climate bill, which has yet to be passed. It found that the combined pledges equate to cuts of between 10 and 24 per cent on 1990 levels by 2020, depending on various assumptions regarding inclusion or exclusion of land use, land-use change and forestry data and whether countries opt for the lower or upper end of their targets. For example, the EU has said it will upgrade its goal of cutting emissions 20 per cent by 2020 to 30 per cent if other industrialised countries agree to similar targets.... Large emerging economies such as China and India are refusing to adopt their own binding emission targets until rich nations agree to targets that are in line with that recommended by climate scientists. In response, industrialised nations have been reluctant to sign up to more demanding goals, fearing an economic advantage for those emerging economies that face less demanding emission targets.
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'Doc Michael says:
Can we at least compromise to equalized future misery instead of fatal collapse?

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