by Staff Writers
New Delhi (AFP) Dec 27, 2011
India said Tuesday it would reject any global pact legally binding it to cut greenhouse gas emissions as such a move could stifle economic growth needed to eradicate poverty.
Environment Minister Jayanthi Natarajan's statement came after a UN conference in Durban earlier this month agreed for the first time to seek to negotiate a legally enforceable agreement to control all nations' emissions.
"There is no question of signing a legally binding agreement at this point of our development. We need to make sure that our development does not suffer," Natarajan told the upper house of parliament.
"Our emissions are bound to grow as we have to ensure our social and economic development and fulfil the imperative of poverty eradication," the minister added.
Some 42 percent of Indians, or 455 million people, live on less than $1.25 a day, according to the World Bank.
The marathon UN climate conference in Durban approved a roadmap towards an accord that for the first time would bring all major greenhouse-gas emitters blamed for climate change under a single legal roof.
If approved as scheduled in 2015, the pact will be operational from 2020 and become the prime weapon in the fight against climate change.
But emerging Asian giants India and China, which have become huge emitters of carbon over the last half-dozen years, have long resisted calls to reduce emissions.
The fast-growing economies said the burden of cuts should be on developed countries and that they cannot commit to binding targets which might hurt their ability to improve living standards.
India and China do not fall under existing 1997 Kyoto Protocol constraints aimed at fighting global warming as they are developing countries.
Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.
European carbon market suffers in annus horribilis
Paris (AFP) Dec 25, 2011
Europe's market in carbon emissions is hoping for outside help after a year in which prices slumped to record lows, savaging claims that trading in CO2 brakes the rise of dangerous greenhouse gases. Launched in 2005 and accounting for 97 percent of global carbon commerce, the European Union's Emissions Trading Scheme (ETS) is the big daddy of initiatives which harness the power of the market ... read more
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|