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Praise and criticism greet G8 summit conclusion

Praise and criticism greet G8 summit conclusion
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The curtain has come down on a G8 summit in Japan received with both praise and criticism.

President Bush hailed what he called “very fruitful” talks on climate change that ended with a G8 target to halve emissions by 2050. But leaders of emerging economies, also present at the summit, said that is not enough and could only agree to a so-called “shared vision” that deep cuts are needed.

The International Monetary Fund welcomed the invitations to the summit of emerging economies, a sentiment echoed by German leader Angela Merkel.

She said she hoped to see international organisations reinforced and evoked “the need to increase co-operation between the G8 and emerging countries.”

Meanwhile protestors lamented what they see as a missed opportunity.

The World Wildlife Fund called the climate change agreement “pathetic” while Oxfam said the G8 “had failed to take decisive action.”

On the rising price of oil and food, G8 leaders said they agreed it was a problem they would try to address.

UN chief Ban Ki Moon said the summit had been a step forward, but that much more work was left to do.