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And the emerging giants should chip in, too.
As HSBC declared: "European and U.S. debt problems are unresolved, and now emerging giants are slowing.
It is knocking on the door of the BRICs club of emerging giants.
The crisis has strengthened the relative position of the emerging giants, for several reasons.
CHINA is only one of the world economy's emerging giants, along with India, Brazil and Russia.
In light of their disproportionate vulnerability, emerging giants will have to push rich countries to make more environmental compromises.
Despite the deep suspicions between them, trade between the two emerging giants, China and India, is booming (see article).
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India Another emerging giant that's slowing.
The rich world is offering emissions cuts, but wants guaranteed cuts in the fast emerging, giant economies of China, Brazil and India.
In another emerging giant, Indonesia, the biggest problem for President Susilo Bambang Yudhoyono is an investigation into $350m-worth of government contracts by the Corruption Eradication Commission.
Yet the emerging giant is already the world's biggest manufacturer of such green technologies as compact-fluorescent bulbs and solar panels.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com