Denmark, host of the upcoming climate summit, is proposing that global greenhouse gas emissions be cut by 50 percent below 1990 levels by 2050, with emissions peaking by 2020, according to Reuters.
A draft of the Danish proposal, now being circulated, said that to meet the 2050 target industrialized nations will have to slash emissions by 80 percent in the next 40 years.
Danish Prime Minister Lars Lokke Rasmussen said he hopes that the 192 nations at the climate summit will approve a five- to eight-page “politically binding” agreement that spells out emissions reduction commitments for each nation.