Government is considering setting up a Venture Capital Fund to promote green technologies, Prime Minister Manmohan Singh said on Thursday.
He also said that the National Plan of Action on Climate Change to be released in June this year would address the challenges of global warming.
"The Prime Minister's Council on Climate Change is working on a National Plan of Action for Climate Change. Even as we engage internationally in creating a global strategy to address climate change we would in parallel work on local, sub national and national action to meet the challenges of climate change," he said inaugurating the Delhi Sustainable Development Summit in the Capital.
The environmental crisis that manifests as climate change makes the people realise that they have a common predicament, he said, adding "it is a collective crisis but, if imaginatively handled, offers a collective opportunity to reinforce human solidarity in the face of natural forces.
"So, we take our responsibility seriously," he told the summit being attended by global leaders from several countries including Maldives President Maumoon Abdul Gayoom.
The National Plan of Action on Climate Change would be released in June this year, Singh said observing that public transport needed immediate attention and the government has asked the Planning Commission to come up with a comprehensive policy in this regard.