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Wednesday, July 1, 2009
Trade-Off and Choices in Environmetal Policy For India
India has laid down the marker: Reuters is reporting :
India will not sign up to targets to reduce its greenhouse gas emissions but will instead focus on fighting poverty and boosting economic growth, the environment minister said on Tuesday.
India is one of the world’s biggest emitters alongside China, the US and Russia, and the second most populous nation. But India’s per capita emissions lag far behind rich countries and it feels the developed world should take the lead on tackling climate change.
“India cannot and will not take emission reduction targets because poverty eradication and social and economic development are first and over-riding priorities,” a statement on behalf of environment minister Jairam Ramesh said.
A legally binding emission reduction target endangers India’s energy conservation, food security and transport, he said.
India has laid out its stance ahead of the negotiation of a climate treaty in Copenhagen in December that will replace the expiring Kyoto pact.
Developing nations say rich countries should cut emissions by at least 40% below 1990 levels by 2020. Developed nations say that target is out of reach when they are trying to stimulate recession-hit economies.
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About Me
George F.Daniel
I am an Economist with in depth knowledge of Global Financial and Economic Issues. I have more 15 years experience in research, consulting and advocacy.
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