NEW DELHI: Amid the deadlock between the developed and developing nations on binding greenhouse gas emission cuts, India on Wednesday said the global community might agree on three areas -- forestry for mitigating climate change effects, Clean Development Mechanism and technology cooperation at the UN summit on climate change in December.
In the area of forestry, India and China have proposed the "REDD Plus" mechanism, which aims to ensure greater fund to developing nations if they conserve forest areas, adopt sustainable environment management programmes or plant new trees, environment minister Jairam Ramesh said.
"We are also hoping to curb ten per cent of the current level of emissions by 2012 and attract foreign investment worth $16 billion through over 1000 Green House Gas (GHG) mitigation projects, Ramesh said at a two-day India Carbon Market Conclave 2009 here.
He also spoke about the country's plans to ramp up its afforestation programme from 1 million hectares of land annually to 2.5 million hectares in the near future.
On carbon mitigation efforts, he said "in two years from now, we will put into place mandatory fuel efficiency standards for the transportation sector, starting with voluntary labeling process and gradually moving to mandatory standards for all types of vehicles on the roads."
Ahead of the UN summit in Copenhagen, industrialized nations have been insisting on developing countries to take up binding emission cuts which the latter have been opposing on the ground that such commitment is not in the clause of the Kyoto Protocol.
