CANBERRA (Reuters) - Australia needs to urgently ratify the Kyoto Protocol and slash its greenhouse gas emissions by at least 60 percent by 2050 to help fight global warming, British climate economist Nicholas Stern said on Wednesday.
The former World Bank chief economist said the cost of inaction could be catastrophic, but rich countries were recognising the problem of global warming with firm emissions targets now set by Britain, France, California and the European Union.
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