October, 2008 | Posted by: Ry
Most climate experts will agree that in order for major climate changes to take place for the better, leading greenhouse gas emitters - the U.S. and China - are going to have to iron out their differences and get on with making a pact that calls for significantly lower carbon output levels.
This was clearly evident at the recent Asia-Europe (ASEM) meeting in Beijing, where talks about climate change were on the main agenda with world leader's.
As reported by the Environmental News Network, former British Treasury economist and climate expert, Nicholas Stern, says that if differences can be mended, it is highly likely a deal can be made in Copenhagen next year, calling for a 50% cut in carbon emissions by the year 2050.
Even with harder economic times, Stern warns that not addressing the current global warming crisis (i.e., funding green energy technologies and more public transportation), the world economy could fall into a Great Depression of its own. In other words, the climate crisis is just as important as the current financial crisis.
Both the U.S. and China have seeming acknowledged this possibility of a global depression, and both countries will act as deal breakers during the global climate pact in Copenhagen.
Stern predicts that with a new presidential administration in the U.S. and China's admittance that carbon growth needs to be minimized, a promising climate pact in Copenhagen is highly likely to go down.