Navigation Links
India to Propose Global Fund for Clean Energy Technologies

Calling itself a responsible nation towards climate change, India will propose a dedicated global fund at the G8 Outreach Summit Friday to finance the development of clean energy technologies based on the resources available with the developing world.

In a position paper on climate change circulated ahead of the G8 Outreach Summit, India has said it has in place comprehensive policy and legislative framework to address energy-environment issues.

"Due care must be taken not to allow growth and development prospects in the developing world to be undermined or constrained," said Prime Minister Manmohan Singh, as he left for the Summit at the Baltic resort of Heiligendamm in Germany.

"I will emphasise the need not to lose sight of the accepted principle of common but differentiated responsibility and respective capabilities between the developed and developing world," the prime minister said.

"It is also a fact that more and not less development is the best way for developing countries to address themselves to the issue of preserving the environment and protecting the climate."

Along with Brazil, China, South Africa and Mexico, India has been invited by the G8 for the outreach summit at Heiligendamm, where the focus is on climate change, development and global trade talks, among other issues.

India will also make it clear that while it is open to some proposals on mitigating climate change from US President George W. Bush, it will oppose any move that will set standards to reduce emissions.

"There are elements in Bush's proposal we are very comfortable with. These are on equity, energy security and transfer of clean technology," a senior Indian official said.

"The rich countries have to show some flexibility," he said, adding: "We cannot allow climate change and development pulling in the opposite direction."

India's position paper says technolo gies to tap energy resources like biomass can be financed by a venture capital fund located with a multilateral financing institution, which will also have the rights to intellectual property.

The technologies so developed may then be given to developing countries at cost, while the rich nations can access them on a commercial basis, the paper says, adding the Asia-Pacific Partnership on Clean Development and Climate presented some examples of this approach.

The position paper says India's per capita emission of green gasses was only 23 percent of the global average and a mere 4 percent of that of the US, 12 percent of the EU and 15 percent of Japan.

There has also been an effective de-linking of energy and economic growths where the former has been expanding by 2.76 percent, while the gross domestic product has been growing at over 8 percent.

"In all major energy intensive sectors - steel, aluminium, fertiliser, paper, cement - levels of energy efficiency in India are at global levels," says the paper, and adds that such efficiency is particularly high in the cement sector.

It also says that introduction of compressed natural gas for public transport, improvement in transportation fuels, building of metros in the national capital and Bangalore went on to suggest the measures India has taken in the area of environment protection.

"No efforts at greenhouse gas mitigation will succeed if patterns of production and consumption in developed countries remain grossly unsustainable," the paper warns, and says India remains committed to the United Nations Framework Convention on climate change as well as the Kyoto Protocol.


'"/>




Related medicine news :

1. Is Diabetes the Leading Cause of Kidney Failure in India
2. AIDS Disaster in India is Imminent
3. Indian Prime Minister has successful Knee Replacement Surgery
4. International community warns India on HIV situation
5. India takes on foot-and-mouth disease by vaccinating animals
6. Development of AIDS vaccine -- Chiron Corp in talks with four Indian cos
7. India to benefit from pharma companies move
8. Healthcare sector is now a multi billion-dollar industry in India
9. The World Bank funds private Hospital in India
10. Parke-Davis (India) runs into rough weather – Court orders attachment of asset
11. Indian Doctor granted US patent on organ regeneration
Post Your Comments:
*Name:
*Comment:
*Email:


(Date:12/8/2016)... San Francisco, California (PRWEB) , ... December 08, 2016 , ... ... health coaches, has raised an $18M Series B led by Canvas Ventures . ... use the capital to scale its mobile platform to serve more consumers who are ...
(Date:12/8/2016)... ... December 08, 2016 , ... The Dan Carlisle Agency, ... Jefferson County, is announcing the launch of a charity drive to raise support ... homeless women and children in Birmingham has grown steadily since the 1980’s, and ...
(Date:12/8/2016)... , ... December 08, 2016 , ... The Compretta Insurance ... and residential clients in and around the Hancock County area, is announcing the launch ... County Food Pantry. , The Hancock County Food Pantry has worked for more than ...
(Date:12/7/2016)... (PRWEB) , ... December 07, 2016 , ... DrugDev ... the announcement that it is one of the early adopters completing EU-U.S. Privacy Shield ... is designed to provide companies on both sides of the Atlantic with a mechanism ...
(Date:12/7/2016)... Kenosha, Wisconsin (PRWEB) , ... December 07, 2016 , ... ... the extraordinary new MedMaster™ MPCNGX . The MPCNGX is a multi-function, sealed, LED ... the right amount of light where and when it’s needed. , A ...
Breaking Medicine News(10 mins):
(Date:12/8/2016)... , Dec. 8, 2016 IRIDEX Corporation (NASDAQ: ... offer newly issued shares of common stock, $0.01 par value ... an underwritten public offering.  The final terms of the Offering ... of pricing, and there can be no assurance as to ... IRIDEX expects to use the net proceeds it will receive ...
(Date:12/8/2016)... -- Global Interventional Radiology Market: Scope and Methodology ... market analyzes the current and future prospects of ... summary, including a market snapshot that provides overall ... research is a combination of primary and secondary ... research efforts along with information collected from telephonic ...
(Date:12/8/2016)... 2016  Eli Lilly and Company (NYSE: ... 3 EXPEDITION3 trial at the 9 th Clinical ... solanezumab did not meet the primary endpoint in the ... people with mild dementia due to Alzheimer,s disease (AD), ... for the treatment of mild dementia due to AD. ...
Breaking Medicine Technology: