As has happened before every G8 meeting of recent years, various parties are warning of disaster if the heads of government donโ€™t agree on drastic action on global warming. Currently, the spin is that Chancellor Merkel will not compromise with the US:

Speaking on Monday in Berlin at a closed-door meeting of climate experts from environmental and development campaign groups, Ms Merkel indicated she was unwilling to compromise on wording on the 2ยบC limit. A February 2007 draft of the communiquรฉ includes the 2ยบC limit and says it would necessitate a peaking of greenhouse gas emissions โ€œwithin the next 10-15 years, followed by substantial global emission reductions of around 50 per cent by 2050 compared to 1990 levelsโ€. The summit now appears likely either to agree on a strongly worded statement or for the scientific findings to be removed to avoid them being compromised by political horse-trading, according to the environmental groups present at the talks, and other people familiar with Ms Merkelโ€™s stance.

Benny Peiser comments:

Iโ€™m afraid weโ€™ve seen this form of green bluff far too often in the run-up to G8 summits. Is anyone seriously entertaining the idea that Angela Merkel will turn her own summit into a political fiasco? For a start, the EU appears rather isolated on its climate policy as both Japan and Canada have voiced their own doubts. In addition, letโ€™s not underestimate the well-known opposition to Europeโ€™s goals by the five invited โ€˜outreachโ€™ countries from the developing world. More importantly, though, the EU and the US did come to an understanding on climate policy at their summit less than three weeks ago. Thatโ€™s why I trust the more realistic and more authoritative perspective taken by Jens Weidmann, Angela Merkelโ€™s top economic adviser who is acutely aware of the political reality in the US. Europeโ€™s unilateral climate policy simply fails to have the necessary support among U.S. lawmakers, as yesterdayโ€™s defeat of the first climate change bill in the new U.S. Senate demonstrates quite manifestly.
As AP reported on 26 April: โ€œNext weekโ€™s EU-U.S. leaders summit will stay away from talks on ambitious targets to cut carbon dioxide emissions, despite the EUโ€™s determination to seek a global climate change deal, Europen Union officials said Thursday. To bring in the EUโ€™s targets and โ€œhave those as the result from our trans-Atlantic discussions, I think thatโ€™s asking for a bit too much,โ€ Merkelโ€™s top economic adviser Jens Weidmann said, adding that the EU had to bear in mind the political opposition the White House might face on the issue in the Congress.โ€

Meanwhile, Gerry Baker in The Times suggests that Hank Paulsonโ€™s absence from the G8 Finance Ministersโ€™ meeting is indicative that the US is starting the process of winding up this useless talking-shop. We can but hope.