India on Tuesday favoured a legally binding climate change agreement from the developed countries saying a political pact will not be enforceable. Stressing the importance of a treaty at Copenhagen, the Prime Minister's Climate Change envoy Shyam Saran said, New Delhi's voluntary reduction of carbon emission intensity was not announced under pressure.<br/><br/>India decided to cut down its carbon emission intensity by 20-25 per cent by 2020 in the run up to the Copenhagen summit, shortly after a similar declaration by China.<br/><br/>Talking to media at Copenhagen, Mr Saran highlighted the need to work towards an agreed outcome as was mandated by the Bali action plan. He said, as far as India is concerned and also other members of the G 77 and China, they have argued that they have a week of negotiating time left before the high-level segment.<br/><br/>He said, the fundamental elements also include a mechanism for technology transfer as well as a financial mechanism that provides for large-scale mobilisation and deployment for financial resources on a stable and predictable basis.<br/><br/>The 12-day long climate change conference kicked off yesterday with strong calls for action by Denmark's Prime Minister Lars Lokke Rasmussen, UN's top scientist R K Pachauri and UN's top climate change official Yvo de Boer.<br/>
News On AIR | December 8, 2009 10:51 PM
India favours legally binding climate change agreement from developed world