WASHINGTON – Indian Prime Minister Manmohan Singh said Monday that the emerging economy was ready to do more on climate change if developed nations make financial commitments.

Singh was speaking on the eve of a summit with US President Barack Obama, whose administration indicated hours earlier it would propose a target for carbon emission cuts ahead of next month's high-stakes Copenhagen summit.

"We are determined to be part of the solution to the problem," Singh said at the Council on Foreign Relations.

"We have undertaken to do what we can with our own resources. We will do more if there is global support in terms of financial resources and technology transfer," he said.

India, China and other growing developing nations have been pressing for Western nations to offer technology and other support to help them reduce the intensity of emissions blamed for global warming.

But the emerging economies have resisted legally binding requirements, saying it is not they, but wealthy nations which bear responsibility for carbon emissions.

"We are willing to work towards any solution that does not compromise the right to developing countries to develop and lift their populations out of poverty," Singh said.

Singh earlier Monday said that he would sign an accord with Obama to promote clean energy but it was unclear how much detail the agreement would entail.

(Source: Yahoo.News)

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