November 30, 2009 6:09 PM

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India will not compromise on its position on carbon emission cuts: Shyam Saran

India on Monday said, it will not compromise on its position on carbon emission cuts and will preserve its economic interest at all cost. The special envoy to Prime Minister on climate change, Mr Shyam Saran said, New Delhi will not also accept legally binding emission cuts. The statement came barely a week ahead of the UN meet on Climate Change in Copenhagen. Mr Saran categorically stated that India is not expecting any fund or technology transfer for mitigation and adaptation for climate change from the developed nations at Copenhagen as what he could gather from the recent CHOGM Meeting at Port of Spain. He said, it is also unlikely to get any satisfactory response on strong actions from developed nations who are most responsible for the accumulation of greenhouse gas in the<br/>atmosphere. Mr Saran also felt that major emerging economies like India will have to fend on their own despite the 1992 Rio Summit Declaration which stated that their sustainable development actions would be backed by the fund and technology from the developed nations. While criticising the developed nations' attempt to promote carbon market to mobilise funds for the developing nations, he said, New Delhi has to ensure its interests.

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