New Delhi: India has called for a transparent regime that will enable the transfer of technology from rich countries to the poor to help reduce emissions and limit the effect of climate change.
“We in the developing world desperately need access to environment-friendly technologies,” Prime Minister Manmohan Singh said at a summit organized by the Energy and Resources Institute.
“It is in the interests of people living in developed countries to facilitate such transfer,” Singh said.
Emerging economies, including India, have said they need access to funds and technologies to meet emission curbs and sustain growth. India needs environment-friendly technology, especially in energy, transportation, manufacturing and agriculture, Singh said.
The Prime Minister reiterated that India will contain emissions of carbon dioxide per capita below that of developed nations and will unveil an action plan on climate change in June.
The country requires $5 billion (Rs19,750 crore) a year between 2012 and 2017, in addition to its current investment plans, to support a transition to low-carbon energy generation, the Human Development Report 2007-2008 of the United Nations Development Programme said, citing research by the Energy and Resources Institute.
The government is planning to set up a venture capital fund to promote green technologies, he said.