Chancellor Angela Merkel is proposing a broader charter for sustainable economic development

Chancellor Angela Merkel is proposing a broader "charter for sustainable economic development."RESERVE CURRENCYChina has requested discussion of the position of the dollar as the world's global reserve currency when the G8 broadens its talks to include the G5 emerging economies [ID:nL1293071], but some other members appear to be playing down this issue.Monetary officials in China, the largest holder of U.S. Deputy Foreign Minister Je Yafei said it would be normal if diversification of the currency system was discussed at next week's summit.However, officials from G8 and emerging economies suggest there will be no direct comment on the dollar or the issue of a global reserve currency in the summit's official statements.ENVIRONMENTWith eyes on December's U.N. Following are the main themes that will be discussed and possible outcomes from the meeting.FINANCIAL CRISISG8 talks will open with a discussion of the financial crisis, with the first day's statement likely to focus on signs of stabilization in major economies and aiming to send a positive message on the global economic outlook. (Reuters) - Leaders from the Group of Eight industrial nations and major developing nations will hold talks from July 8-10 in the central Italian city of L'Aquila. Barack Obama  |  Green Business  |  China  |  Brazil  |  ItalyThe talks are expected to focus on the state of the world economy, financial regulation, climate change and trade and development.

press for continued progress on energy and climate," Denis McDonough, the White House deputy national security adviser, told reporters.Activists hope Obama's presence will pay dividends."This is really a chance for President Obama to bring what he's most known for here in the U.S. He said the United States was still on the defensive in comparison to the more progressive European Union.Despite those challenges, White House officials said the president would carry momentum to the G8."Bolstered by the great progress in the House last week, the president will ... Senate.Washington has resisted calls to endorse the aim of limiting global warming to no more than 2 degrees Celsius at the G8 summit, though a European official said on Wednesday the United States was now on board for that goal."The politics of climate change are stuck, despite Obama coming in," said Alden Meyer of the Union of Concerned Scientists. greenhouse gas emission cuts and a cap-and-trade system to limit carbon dioxide (CO2) output from major industries.The House of Representatives helped turn that vision into a potential law last week by passing a bill that would require large companies to reduce greenhouse gas emissions 17 percent by 2020 and 83 percent by 2050, from 2005 levels.CHALLENGES, LEADERSHIPBut those figures are still below what many scientists say is necessary and -- potentially more dangerous for the Copenhagen process -- the measures face obstacles to their passage through the U.S.

targeted commitments on carbon emissions reductions," said Heather Conley, a senior fellow at the Washington-based Center for Strategic & International Studies."They know that this is going to be a very careful walk along the road to Copenhagen in December and they're going to publicly praise and privately push hard."A Democrat, Obama has reversed the environmental policies of Republican predecessor George W Bush by pressing for U.S. talks in Copenhagen in December.Meetings of the forum, which Obama relaunched earlier this year, have so far failed to achieve major breakthroughs.Developing countries want their industrial counterparts to reduce emissions by 25 to 40 percent below 1990 levels by 2020, while rich nations want developing states to commit to boosting their economies in an environmentally friendly way.Those debates and others will be featured at the Italy meeting, the first at a heads of state and government level, and all eyes will be on Obama, whose climate initiatives European leaders have lauded while privately pressing him for more.Europeans "want to seize this moment to push as hard as they can on the Americans to get significant ... Barack Obama  |  Green Business  |  Russia  |  JapanObama, who has pledged U.S. leadership in the fight against climate change, chairs a meeting of the world's top greenhouse gas emitters at the G8 summit in Italy on July 9.Known as the Major Economies Forum, the grouping includes 17 nations that account for roughly 75 percent of the world's emissions, making any agreement from its leaders a potential blueprint for U.N. WASHINGTON (Reuters) - President Barack Obama, buoyed by a domestic victory on climate policy, faces his first foreign test on the issue next week at a forum that could boost the chances of reaching a U.N global warming pact this year. They provide organizationalstrategy planning models and systems to assist organizations across thetalent management continuum in the recruitment, selection, anddevelopment of employees.

().Contacts:IscopiaGuy Copyright 2009, Market Wire, All rights reserved.-0-. They have uniqueexpertise in delivering HR management and consulting services, employmenttesting, assessment services, and applicant tracking software togovernment agencies throughout North America. Our award-winning technology iseasy to use, fast and cost-effective. CPS HUMAN RESOURCE SERVICESCPS is a self-supporting public agency providing a full range of humanresource services to the public and nonprofit sectors.