New Delhi (PTI): India has asked the developed nations to conclude negotiations for further reduction in greenhouse gas emissions in the post-Kyoto period by next year and expressed readiness to contribute to the global effort but with "differentiated responsibility".

Ahead of the G-8 Summit next month where climate change will dominate the deliberations, India made clear at the just-concluded G-8 Environment Ministers' meet in Kobe that "reductions should not be based on sectoral targets".

In his keynote speech, Environment Minister Namo Narain Meena said, "We would urge that the negotiations under the Kyoto Protocol for further significantly ambitious Green House Gas reduction commitments by developed nations in the post-2012 period must be completed by 2009."

"This will give a positive signal to the carbon market and spur private sector investment in clean technologies," he said.

"We in developing countries are ready to contribute to the global effort in accordance with the principles of common but differentiated responsibility" and not by way of "leap frogging", he said.

"We can also contribute much more if enabled through adequate financial resources and technology transfer."

The Minister hoped that the course of negotiations on a new climate treaty on combating global warming will be finalised at the G-8 Summit next month.