Rio Summit Still Relevant: Advani

New Delhi, Nov 10: | Updated: Nov 11 2003, 05:30am hrs
The Rio conference should continue to serve as a guide in matters related to environment and climate change, said deputy Prime Minister LK Advani at the inaugural of the Climate Technology Bazaar in New Delhi on Monday. The event has been jointly organised by the ministry of environment and forests and Confederation of Indian Industry (CII).

Mr Advani pointed out to the need expressed for technological cooperation and an enabling international environment at various fora on sustainable development. This involves the active involvement of a wide variety of stakeholders, with governments needing to play a crucial role in creating favourable conditions.

The private sector and governments need to work together to promote cost effective environmental technologies. However, the declining proportion of overseas development assistance by developed countries for developing countries also signals adversely for technology flow in various situations, said Mr Advani.

Environment and forests minister TR Baalu said, A meaningful way of technology transfer to developing countries is through the Clean Development Mechanism. This helps developing countries achieve sustainable development and contribute to the goals of the United Nations convention on climate changes.