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G8 compromise over climate change

G8 - Leaders to hold talks on Kyoto replacement
G8 - Leaders to hold talks on Kyoto replacement

The leaders of the world's richest nations have agreed to a compromise deal on tackling climate change.

The British Prime Minister, Tony Blair, has welcomed the deal to cut greenhouse gases.

The German Chancellor, Angela Merkel, has said the G8 summit had agreed that CO2 emissions must first be stopped and then followed by substantial reductions.

Leaders have also agreed to hold talks on a replacement to the Kyoto Protocol within a United Nations framework.

Mrs Merkel said G8 leaders had agreed to consider her proposal for a 50% cut in emissions by 2050 but there was no suggestion that a final agreement would include any mandatory commitment to major emissions cuts.

However, the United States has resisted calls for targets to be fixed.

Earlier, US President George W Bush said he hopes developing countries such as China and India can work with his country to bring about climate change.

He said the US had made strong commitments to reduce petrol use by 20% over the next ten years.

Today was the first full day of discussions in Heiligendamm.

Tough talks are expected at a bilateral meeting between Mr Bush, and his Russian counterpart, Vladimir Putin, following recent differences.

Click here for more on G8 Summit protests including video of a high-speed boat chase between Greenpeace and German police