"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.

The draft was put forward by the United States and Mexico at talks in Mexico this week, without reaching accord before a MEF summit on July 9. U.S. President Barack Obama launched the MEF to help toward a new U.N. climate pact due in December."

Alister Doyle reports for Reuters June 25, 2009. [2]

See Also:

"Major Economies Zero In on Climate Goals" (Dot Earth/New York Times) [3]

"US Nixes 40 Percent Cuts" (AP)
[4]
US Sees Progress (Reuters) [5]

"India Seeks More Talks on Contentious Climate Draft" [6]