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Rich should fund emission reduction in poor countries: PM

India today promised to work for a purposeful outcome on climate change at the Copenhagen Conference, but asked rich nations responsible for the damage in the first place.

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India today promised to work for a purposeful outcome on climate change at the Copenhagen Conference, but asked rich nations responsible for the damage in the first place to finance developing countries' work on limiting carbon emissions.

"We will work with all like minded countries to promote a purposeful outcome of the Copenhagen Conference (from December 6-18)," prime minister Manmohan Singh said at the India Economic Summit attended by industry and business captains
from around the world.

He, however, held developed nations responsible for the CO2 accumulation due to industrialisation over the last 150 years.

This was "not as a result of anything that we have done... in recognition of common but differentiative capabilities, which is our hope that while all the countries will be required to contribute according to their capacities and abilities, the world's major economies will be prepared to ...(ensure that) large capital flows become available for integration for adaptation measures," Singh said.

He also sought rich nations' help for a technology regime under which the developing countries of the world would have access to these technologies at affordable rates.

A round of negotiations in Barcelona ahead of the Copenhagen Conference ended with little progress in respect of commitments by developed countries on emission reduction and funding the efforts in this direction by developing nations.Singh said India has put in place a system to deal with the issues of climate change.

"We have prepared a National Action Plan on Climate change outlining our response in this critical area focusing on increased energy efficiency and greater use of clean energy...," he said at the Summit organised by the WEF and CII.

He said environmental sustainability is an important objective and one that has gained significance in the context of climate change.

"Special attention will have to be paid to prevent degradation of our land and water resources," he said.

Responding to a question, Singh said the climate change was a reality and India was more affected than some of the other countries.

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