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Agreement on financing actions to curb climate change

H S Rao London, Oct 20, 2009 (Asia Pulse Data Source via COMTEX) --

India and 16 other major economies of the world have reached a "substantial agreement" on the issue of financing actions to curb climate change.

"There is significantly further to go, this is absolutely not a done deal, but I feel that today this feels a more doable proposition than it was yesterday," British Energy and Climate Change Minister Ed Miliband said Tuesday.

After a two-day deliberation, rich nations agreed to take on internationally-binding commitments while developing countries agreed to take domestic actions to cut the emission of harmful greenhouse gases that cause climate change.

In the run up to the climate change talks in Copenhagen in December, developed nations want emerging economies like India, China and Brazil to take up legally binding greenhouse gas emission cuts, a move stoutly opposed by them.

Copyright (C) 2009 Asia Pulse Data Source. All rights reserved

News Provided by COMTEX


Related terms: brazil, china, india

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