But this is a path to mutually assured economic destruction--not to combating climate change.
It makes it easier to meet common challenges, from preventing the spread of nuclear weapons to combating climate change.
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But it is a tempting notion - especially as combating climate change is so politically intractable, and some of its solutions so controversial.
The vision aims to eradicate poverty, reduce inequality, make growth inclusive, and production and consumption more sustainable, while combating climate change and respecting a range of other planetary boundaries.
According to a poll by The Economist, 79% of respondents say that they who would support political reforms combating climate change if those changes had no effect on their real income.
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Memories of the 1992 Rio summit, which produced important global agreements on combating climate change and protecting biodiversity, as well as the presence of so many world leaders, had also inflated expectations.
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The announcement follows the release of a report last month by Dutch and American scientists arguing that the voluntary Montreal agreement has been more successful in combating climate change than has the market-based Kyoto protocol.
European governments agree this could potentially weaken the agreement on combating climate change to such an extent that it will have little effect, and they will be fighting hard at the Hague against the US, Japan and Australia which want maximum flexibility in the way targets can be achieved.
The participants stressed the central role of water in ensuring sustainable development, public health, poverty alleviation and combating the effects of climate change.
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