India Inc Hopes to Clear Cloud Over Climate Talks (N)

Business Standard (New Delhi) , Wednesday, November 30, 2011
Correspondent : Piyali Mandal
India Inc is keeping fingers crossed as the first two days of parleys at the ongoing Durban climate summit are pointing at an enduring logjam.

The debate in the South African city has hit a roadblock, as Canada made it clear that it would not agree to a second commitment period for Kyoto, for which India and other BRIC countries are pressing hard.

With such negative sentiments casting clouds over the current talks, the industry in India wants to see some strong action taken at Durban. This includes a roadmap for technology transfer, green climate fund and the future course of the Kyoto protocol.

Ficci has come out with a report on the Durban talks. The chamber said industry expected a clear regulatory signal on existing as well as new market mechanisms regarding the guiding principle of enhancing tech transfer and financing for mitigation projects.

“The Durban negotiations should address the removal of barriers to trade,” according to Rita Roy Choudhury, Ficci’s director & head (environment, climate change, renewable energy). “They must ensure that the provisions for UTMs (unilateral trade measures) do not enter the realm of international climate policy regime.”

Earlier, environment minister Jayanthi Natarajan had made it clear that India was concerned about unilateral trade measures being taken by the developed countries in the name of climate inclusions.

Today, Confederation of Indian Industry (CII), another industry body, urged the governments to maintain the process of building a clear foundation for real and long-term global action. The chamber also wants that any commitment by the Indian government should be based on historic and future responsibilities within the context of domestic development realities.

 
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