No carbon caps in IndiaÂ’s future, minister says
NEW DELHI, INDIA - Top Indian officials dismissed a draft climate change proposal by Denmark that expects developing economies to peak greenhouse gas emissions by 2025, reports said.
The draft document was circulated to a few countries ahead of the December 7-18 summit in Copenhagen, which is supposed to draw up an agreement for controlling emissions of carbon dioxide and other gases causing global warming.
Environment Minister Jairam Ramesh said the Danish draft was "totally unacceptable," The Economic Times reported.
"We are never going to take on a peaking year for absolute emissions. This is not on the horizon."
In Copenhagen, Prime Minister Lars Loekke Rasmussen said Denmark had not presented an official draft but was consulting "all the key stakeholders" ahead of the climate summit.
India has said it is prepared to take measures to slow emissions, but it refuses to accept the same kind of emissions cap required of industrial countries.
The Economic Times also said the Danish draft proposal suggests a separate schedule for developing countries, another move that India opposes.
Related News

Trump's Oil Policies Spark Shift in Wall Street's Energy Strategy
NEW YORK - The global energy finance sector, worth a staggering $1.4 trillion, is undergoing a significant transformation, largely due to former President Donald Trump's renewed support for the oil, gas, and coal industries. Wall Street, which had previously aligned itself with global climate initiatives and net-zero goals, is now reassessing its strategy and pivoting toward a more fossil-fuel-friendly stance.
This shift represents a major change from the earlier stance, where many of the largest U.S. banks and financial institutions took a firm stance on decarbonization, including limiting their exposure to fossil-fuel projects. Just a few years ago, these institutions…