The government on Tuesday clarified that India will not sign any legally-binding global agreement for emission reduction.

Union environment minister Jayanthi Natarajan informed the Rajya Sabha that the country will not be signing any legally-binding norms as the country needs to eradicate poverty through economic growth.

India will not sign any legally binding global agreement for emissions reduction, as the country needs to eradicate poverty through economic growth, Environment Minister Jayanthi Natarajan said on Tuesday.

“There is no question of signing a legally binding agreement at this point of our development. We need to make sure that our development does not suffer,” Ms. Natarajan said in Rajya Sabha.

Emission reduction certificate prices at record lows, reflect question marks on the climate change policy.

SAIL, ONGC, Adani Power, Delhi Metro among gainers.

Sunita Narain in Durban

The Durban Conference on Climate Change finally ended on the wee hours of Saturday after running for over 24 hours beyond schedule.

However, Durban meet also reveals resistance of rich countries to sharing ecological and economic space with developing nations

The Durban climate change conference — the 17th conference of parties — has ended, after grueling and acrimonious negotiations on how the world would cut carbon dioxide emissions that are linked to growth, but are also now jeopardising its future because of catastrophic weather changes.

Principle Of Equity Must In Future Talks

Politics of climate negotiation is expected to reach a crescendo tomorrow when the Durban talks enter the last leg of deliberations.

With Durban talks unlikely to arrive at any binding deal on climate change, efforts are on to translate the Green Climate Fund (GCF) into a reality.