This final report from the high profile International Climate Change Taskforce calls on the UK Prime Minister to seek agreement during his presidency of the G8 to create a group which can engage the US and major developing countries in action to reduce greenhouse gas emissions. The Taskforce concludes that such a group would provide a way for G8 countries and other major economies - including India and China - to take action that would lead to large-scale reductions in emissions. The G8-Plus Climate Group would pursue partnerships to achieve immediate deployment of existing low-carbon energy technologies, including agreements to shift agricultural subsidies from food crops to biofuels and promote sales of highly efficient cars.The report also argues that all G8 countries should set a lead by adopting national targets to generate at least 25 per cent of electricity from renewable energy sources by 2025 and mandatory cap-and-trade schemes for emissions, like the EU scheme. In the US, this could happen through the Climate Stewardship Act, proposed by Republican Senator John McCain and Democratic Senator Joseph Lieberman, and could provide a path for US re-entry into a global climate change agreement after the Kyoto Protocol's first phase ends in 2012.Key specific recommendations of the Taskforce include: the G8 and other major economies, including from the developing world, form a G8+ Climate Group, to pursue technology agreements and related initiatives that will lead to large emissions reductionsthe G8-Plus Climate Group agree to shift their agricultural subsidies from food crops to biofuels, especially those derived from cellulosic materials, while implementing appropriate safeguards to ensure sustainable farming methods are encouraged, culturally and ecologically sensitive land preserved, and biodiversity protectedG8 governments establish national renewable portfolio standards to generate at least 25% of electricity from renewable energy sources by 2025, with higher targets needed for some G8 governmentsG8 governments increase their spending on research, development, and demonstration of advanced technologies for energy-efficiency and low- and zero-carbon energy supply by two-fold or more by 2010, at the same time as adopting strategies for the large-scale deployment of existing low- and zero-carbon technologiesall industrialised countries introduce national mandatory cap-and-trade systems for carbon emissions, and construct them to allow for their future integration into a single global marketa global framework be adopted that builds on the United Nations Framework Convention on Climate Change (UNFCCC) and the Kyoto Protocol, and enables all countries to be part of concerted action on climate change at the global level in the post-2012 period, on the basis of equity and common but differentiated responsibilitiesa long-term objective be established of preventing global average temperature from rising more than 2 C (3.6 F) above the pre-industrial level, to limit the extent and magnitude of climate-change impactsgovernments remove barriers to and increase investment in renewable energy and energy efficient technologies and practices by taking steps including the phase-out of fossil fuel subsidies and requiring Export Credit Agencies and Multilateral Development Banks to adopt minimum efficiency or carbon intensity standards for projects they supportdeveloped countries honour existing commitments to provide greater financial and technical assistance to help vulnerable countries adapt to climate change, including the commitments made at the seventh conference of the parties to the UNFCCC in 2001, and pursue the establishment of an international compensation fund to support disaster mitigation and preparednessgovernments committed to action on climate change raise public awareness of the problem and build public support for climate policies by pledging to provide substantial long-term investment in effective climate communication activities.
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