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July 8 (Bloomberg) — Leaders of the Group of Eight nations backed for the first time an 80 percent cut in greenhouse gases by industrialized countries by mid-century and pledged to prevent temperatures from rising more than 2 degrees Celsius.
Their declaration, released at todays G-8 meeting in LAquila, Italy, incorporates a previous commitment to reduce emissions worldwide 50 percent by 2050, according to the statement provided by Italian officials.
The U.S. and other countries previously declined to support calls to limit the average global temperature rise to 2 degrees Celsius (3.6 degrees Fahrenheit) from pre-industrial levels. While White House officials called todays commitment a significant step forward on climate change, this weeks meetings hit an impasse when China and India refused to support the reductions of 50 percent and 80 percent in a separate declaration.
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