Debate on green funds in Bali
India seeks a committed international climate change mitigation fund for developing countries to maintain and increase forest area as a measure for adoption, reports Chetan Chauhan.delhi Updated: Dec 08, 2007 03:26 IST
India has sought a committed international climate change mitigation fund for developing countries to maintain and increase forest area as a measure for adoption. India intends to increase its forest cover by 31 million hectares over the next five years.
India and China along with a few G-77 nations have moved a proposal for a forestry fund at a United Nations global meet on climate change at Bali, Indonesia.
If India wants to achieve its target of having a forest cover for 33 per cent of its geographical area, as a measure to combat climate change, international flow of funds is required, an environment ministry official told HT. At present, India's forest cover is about 25 per cent. Forests act as a natural carbon capture mechanism and the loss of greens globally has resulted in higher carbon content in the atmosphere. The debate on the proposal by India and China started on Friday and expected to continue during the weekend.