( gies to tap energy resources like bioma...)India to Propose Global Fund for Clean Energy Technologies,Health

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.


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