India to Reduce Carbon Emissions Up to 25% by 2020

Dec 4 2009 | 10:13am ET

India on Thursday announced it would voluntarily reduce its carbon emissions by 20% to 25% of 2005 levels by 2020, rather than signing on to any legally binding international agreement to combat global warming.

Indian Environment Minister Jairam Ramesh told parliament the government planned a broad range of measures to meet the emissions target, including the introduction of fuel efficiency rules for vehicles by December 2011, an energy-efficient building code and a requirement that half of all new coal-fired generators use clean coal technology.

Ramesh said the measures would be part of a transition to a low-carbon economy – a transition that was in India’s “own self-interest” given the threat it faces from global warming.

“We are not doing the world a favor,” he said. “Forget Copenhagen. Forget the US. Our future as a society depends on how we respond to the climate change challenge.”


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note