G-77 and China present BASIC draft at Copenhagen, saying it should be the basis of negotiations  India has said it will be "flexible" at the climate meet without compromising its national interests "Developed nations shoulder greater responsibility for carbon cuts" The draft proposal prepared by the host nation Denmark for the climate change summit starting on Monday removes the distinction between the developed and the developing countries and will be disastrous for...

Seeking to set at rest reports of differences with two key negotiators of the Indian team over the country offering unilateral concessions without obtaining any reciprocity and attempts to water down the Prime Minister’s per capita approach, Minister of State for Environment and Forests Jairam Ramesh said on Sunday that he held “discussions with them, and they continued to be [a] valued part of the negotiating team to guide us...

It is to counter the Danish draft that proposed tough action by developing countries Call for setting up of a Global Climate Fund The four emerging economies — Brazil, South Africa, India and China — have recommended the establishment of a mechanism to develop and transfer environment-friendly technology to developing countries, remove barriers in technology transfer and appropriately address issues of intellectual property rights. The BASIC draft proposed by these four developing...

The United Nations agency entrusted with accelerating sustainable industrial development in poorer states today pledged to help the world’s 49 least developed countries (LDCs), 33 of them in Africa, to withstand global financial crisis. “The global financial crisis is moving many LDCs into troubled waters with heightened risk to exports, investment, credit, banking systems, budgets, the balance of payments, and remittances, and, the most vulnerable are those countries which depend...

Funds release after Kasturirangan Committee submits report Greenpeace hails India’s proposal to cut carbon intensity The Planning Commission has promised a substantial hike in funds allocation to study climate change impact and the funds will be made available after the Kasturirangan Committee submits a report. This was stated by Member (Energy), Planning Commission, B.K. Chaturvedi, while inaugurating “Power Conference 2009,” organised by Assocham here on Friday. Only on Thursday, Minister of State (independent...