In the latest G8 meeting, leaders of developed countries settled on reducing GHG emissions by 50% by 2050 although they were criticized for not setting any mid-term targets. However, even meeting this 50% reduction target seems difficult at the moment. Scientists and researchers opine that CO2 emissions have to be cut by 80% (base year 2000) by mid-century if we are to avoid any serious climatic issues. However, most of the developing and underdeveloped nations subsidize gasoline, which accounts for a large proportion of carbon emissions.
economic growth
Can We Reduce CO2 Emissions While Sustaining Economic Growth?
Video: EPTV Executive News Roundtable -- China's Environmental Conditions Ahead Of The Olympics
Jennifer Turner, Director, China Environment Forum at the Woodrow Wilson International Center for Scholars, is interviewed on energy demand and environmental conditions in China leading up to the 2008 Olympic Games in Beijing. Turner discusses China's long-term energy and environmental concerns, as well.

how to reduce emissions without cutting economic growth
Study of emissions reduction in Germany reveals ways to cut emissions by 30% (from 1990 levels) without impacting growth or lifestyle. Further reductions will be more difficult, however.
Video: Do We Need Economic Growth to Get More Sustainability?
There are opposing views on whether economic growth can lead to increased levels of ecological and social sustainability. Its promoters argue that economic growthis needed to apply new technologies and sophisticated products which, in turn, lead to a more economic use of natural resources, more environmental protection and social progress. Yet, opponents claim that economic growth is based on global production and consumption patterns that are destroying our natural livelihoods and increasing social inequalities.