G5 Statement

G5 Statement Common Political Declaration from the G5 Countries, July 8 2008

G5 is an international coalition of the major developing cuntries of the world, i.e. China, India, Brazil, Mexico and South Africa. In the ongoing climate change debate, G5 calls for a differentiated burden-sharing to reduce global greenhouse gas emissions, meaning that the rich countries of the world should reduce their emissions the most.

This view is present in the common statement from July 8, 2008, which should be viewed in comparison with G8 statement from the same day. This G5 statement declares that the developing countries are of course bound to take their respective shares in global greenhouse gas reductions, but that it is the developed countries who should take the largest share. Also, the G5 countries call for more technological and financial transfer to the developing countries, and a "comprehensive review of the intellectual property rights regime".

In the following G8-G5 joint meeting, also in Toyako, the G8 and the G5 agreed that long-term reductions are needed, but they still disagreed concerning deployment of more precise medium-term reduction commitments.