Lawmakers urge CO2 cut targets for rich nations

Marxist income redistribution scheme, this time on a global scale.

Lawmakers from G8 rich countries and five emerging economies including China agreed on Sunday that developed countries should pledge to cut CO2 emissions by 25-40 percent by 2020.

They said developed countries should commit to reducing by at least 60-80 percent below 1990 levels by 2050 and called on poorer countries to do their bit by taking "appropriate" national actions, in a framework being negotiated to fight global warming after 2012.

The proposal will be passed to G8 summit host Japanese Prime Minister Yasuo Fukuda.