Peruvian Environment Minister Manuel Pulgar Vidal, who is presiding over the talks, is currently meeting with the negotiators separately to discuss in detail their "red lines" and points of possible compromise on the draft text.
The negotiators from more than 190 countries, who have been in the Peruvian capital for about two weeks, have so far failed to reach a consensus on the formula of sharing the burden for cutting emissions, and who should pay.
He said that what the like-minded developing countries, least developed countries and the Africa group are saying "must be appreciated" because they are all "speaking their heart".
Javadekar said India supports the genuine concerns of these groups. The country will cooperate with the COP presidency in order to sort out any issues "in a balanced manner", he added.
India stuck to the consistent position that all the elements of adaptation, mitigation, finance, technology, and capacity building should be included in the intended nationally determined contributions (INDCs).
Todd Stern, US' Special Envoy on Climate Change said, "All we have achieved so far will be at risk, and all that we hope to achieve will be at risk as well... The text is not good but we are running out of time."
Failing to produce the decision before us will be seen as a serious breakdown, which could put the Paris agreement and the entire UN process at risk, Stern said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
