India Ducks China Energy Pledge, Plans Renewables Splurge
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India, the world’s third-largest polluter, will spend at least $100 billion on climate-related projects but isn’t ready to follow China and the U.S., the top two emitters, in promising to limit its fossil-fuel emissions.
India has been under the spotlight at the United Nations climate meeting in Lima after China became the first large developing country to agree to limit emissions in a pact announced with U.S. President Barack Obama during his visit to that country last month. Obama will go to India in January.