"Looking to the future, no country - however wealthy or powerful - will be immune to the impact of global warming."
The panel says the greatest financial responsibility lies with the US and the other well-developed countries most responsible for the rising levels of carbon dioxide and other heat-trapping gases in the atmosphere, mainly from the use of coal, oil and other fossil fuels.
As the world's richest countries bear the greatest responsibility, the UN Development Programme called on them to bear the largest burden in cutting emissions and in providing financial aid to the poor.
Developed countries, the UN said, should cut emissions by at least 30% by 2020 and by 80% by 2050. Developing nations should cut emissions by 20% by the year 2050.
The UN said the world must spend 1.6% of global economic output each year until 2030 to stabilise carbon levels and to limit a rise in global temperature to 2C to avoid the catastrophic impact of climate change.
http://www.guardian.co.uk/environment/2007/nov/27/climatechange
Read the brilliant analysis and policy recommendations of the report commissioned by the UNDP: http://hdr.undp.org/en/media/hdr_20072008_en_complete.pdf
[Proofreader’s note: this article was edited for spelling and typos on November 29, 2007]
Note: http://www.guardian.co....
http://hdr.undp.org/en/...
