EXCLUSIVE-Major economies consider halving world CO2

forexyard.com
Friday June 26, 2009 02:33:17 AM GMT

CLIMATE/ECONOMIES (EXCLUSIVE, UPDATE 1)
* Major economies 2050 carbon targets "aspirational"
* 50 pct cut in world emissions, 80 pct cut by rich nations
* Double investments in low-carbon research by 2015 (Updates, adds background)

By Alister Doyle, Environment Correspondent

OSLO, June 25 (Reuters) - Major economies including the United States and China are considering setting a goal of halving world greenhouse gas emissions by 2050 when they hold a summit in Italy next month, a draft document showed.

The text also says the 17-member Major Economies Forum (MEF) will seek to double public investments in low-carbon technology by 2015 and boost funding from both public and private sources as well as from carbon markets to fight global warming.

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