The big news doing the rounds in some Japanese media these days is that the group of eight leaders will ask chief rising economies like India and China to trim down greenhouse gas emissions "in an indicative range below business as usual."

The G8 leaders meeting from July 8-10 in L'Aquila, Italy, will insist chief emerging economies such as China and India to adopt actions to reduce greenhouse gas emissions.

As per the G8 draft of declaration, the leaders from the eight industrialized countries will also agree to initiate a public-private green technology fund for developing nations as part of efforts to control global warming.

The draft says: "We reconfirm our strong commitment to the UNFCCC (U. N. Framework Convention on Climate Change) negotiations and to the successful conclusion of a global, wide-ranging and ambitious post-2012 agreement in Copenhagen."

However, the draft makes no reference to numerical emissions reduction targets for developed countries for 2020.

Apart from this, the draft also fails to identify on an envisaged "Public-Private Technology Programme" to co-fund investments in green technologies in developing countries.

The 27-nation EU is trying to cut emissions by 20 per cent from 1990 levels, or 13 per cent from 2005 levels.

Meanwhile, India has categorically declined to toe West on Greenhouse gas emission. This is probably the first time that India has said that it will not toe what the West failed to do for decades.

Recently, India's Secretary of the Ministry of Environment and Forests (MoEF), Prodipto Ghosh, has made it clear that the country currently is producing nearly 3 per cent of total global anthropogenic carbon emissions.

He said that India is spending 2.17 per cent of GDP annually on addressing climate change through projects in agriculture, coastal zones and health and sanitation.

India has made it clear from the very beginning that global warming was the fault of industrialized nations who should set higher cuts in emissions targets for themselves, rather than pressuring developing countries.