Climate change economist Nicholas Stern yesterday called on developed countries to accept binding greenhouse gas emission reduction targets of 80-90% below 1990 levels by 2050, with developing countries adopting targets by 2020. Speaking at the launch of his new report, Key elements of a global deal on climate change, he said that “we’re in a hurry to get a global deal”. With a successor to the Kyoto Protocol due to be agreed at international talks in Copenhagen in December 2009, the chairman of the UK’s committee on climate change, Adair Turner, described the report as “a crucial input into the discussions that are now taking place”.

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