Legally binding carbon emission norms that can affect the country's development is not acceptable and rich nations must commit to deeper reductions at the Copenhagen Climate Summit, industry body CII said on Sunday.
"The outcome of the summit should be equitable and should reflect the needs of the developing nations such as India where significant number of people do not have access to energy," CII's Climate Change Council chairman Jamshyd N Godrej said.
The chamber has maintained that the country is ready to take appropriate mitigation actions nationally as specified in the National Action Plan for climate change. "However any limits that can affect our development will not be appropriate or acceptable," it said.
It said rich nations must take deeper emission reduction commitments, both in medium and long term, such as 25 per cent reduction by 2020 and 80 per cent by 2050 from the 1990-level.
For the developing countries, additional financing to support mitigation and adaptation actions is quite critical. The developed countries must commit to necessary financial resources to be transferred to developing countries, CII said.