The today to the Japanese Prime Minister Yasuo Fukuda, recommendations on how to deal with climate change post 2012 – that is after the expiration of the Kyoto Protocol. The proposal titled , has been endorsed by as many as 99 international business groups including Alcoa Inc., Royal Dutch Shell Plc among others.
The recommendations seek to initiate action on part of world leaders to combat global warming through stipulating emission targets for all countries and setting up an international carbon market. To quote from the report, "We urge governments to seek consensus on a long-term goal of at least halving global emissions against current levels by 2050."
The proposal couldn’t have come at a better time since Japan is all set to host the next month, where environmental concerns will be discussed at length.
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