Bangalore, Feb 5 (UNI) Visiting Danish Prime Minister Anders Fogh Rasmussen today strongly advocated the need for floating a 'Global Financing Mechanism' to address the challenges of the Green House Gases (GHG) release and the resultant global warming.
In an interaction with the students and faculty members of the Indian Institute of Management, Bangalore, here, Mr Rasmussen said both the developing countries and emerging economies should join hands to fight the challenges of climate change to sustain growth.
Stating that there was a need to improve green and eco-friendly technology in addressing the energy demand, Mr Rasmussen felt the need for floating a Global Financial Mechanism.
''We should focus on improving energy efficiency, energy conservation and look towards alternative energy sources in fighting the climate change,'' he said.
Though Denmark had achieved about 70 per cent growth in economic development during the last few years, its growth in energy consumption was kept at zero level.
During the G-8 summit, Prime Minister Manmohan Singh had promised the global leaders that India would strive hard to keep the GHG release below the per capita rate of emission of the developing countries.
''There is a need to go forward to sustain growth and development,'' Mr Rasmussen added.
UNI MV RS GD PY VC1935