..."Because of reasons of past responsibility and better access to resources, the rich countries should take much bigger objectives than that 50 percent," he said. "They should be looking for around 75 percent cuts."
That responsibility could extend to financing cuts in emissions in other countries, said Stern, formerly head of the British government's economic service and now at the London School of Economics...."The rich world has to reduce emissions far more drastically than it has done so to date," said Sunita Narain, director of India's Center for Science and Environment. "The political leadership is very high on rhetoric but very low on real action when it comes to delivering the goods on climate change."
China Tells Paulson it's Poor and Poses no Threat
China on Tuesday deflected U.S. pressure for a faster rise in the yuan and bolder economic reforms by telling visiting Treasury Secretary Henry Paulson that it is still poor and poses no threat to anyone.
..."In making this contrast, you can understand -- who could China threaten? China still has areas as developmentally backward as Qinghai," Wu told Paulson while reporters were in the room.
"China still has 23 million people living in poverty. China's very goal in its development is so that its 1.3 billion people can eat their fill, dress warmly and live well. Who could we threaten? We don't have the ability. China does not and will never threaten anyone."From Reuters