"Who is going to bear the burden of the cross for the past 150 years when carbon dioxide was pumped into the atmosphere, while the western world, the developed countries grew, industrialised, gave homes and jobs to their people. They have good lifestyle, a good high per capita income whereas we are struggling at the bottom of the pyramid," Power Minister Piyush Goyal said.
Goyal, participating in the First Global Energy Ministerial SE4ALL Forum Meeting, said, "I cannot go to a poor person in my country who barely gets two square meals in a day and tell him that what happened in the last 150 years is now his responsibility.
"I cannot tell him or her that you have to pay more for your access to electricity so that we can leave behind the cleaner planet for the next generation and the six billion people of the world," he said.
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"This risk has been caused for the last 150 years by unmitigated pollution to environment and now we have been told that we have to sort out our house in order, we have to mitigate the risk for investors, we have to be able to attract the private sector," he said.
"I think the developed world will have to bear the burden of the cross, will have to appreciate that this risk mitigation is as much their responsibility as it is of the developing countries because the risk is not only of our world, the risk is everyone's world and probably the stakes are much higher for the developed countries than for our countries," he said.
On the ban in several countries on funding coal-based power, Goyal said such measures are "extremely contrary" and harm the effort to bring in renewable power.
"Ultimately, coal-based power is cheaper. It provides the base load. It can be used to bundle with and to use more expensive renewable power with cheaper power and provides energy access which is the need of the hour," he said.
India is seeking to replace its old plants with some 30 more efficient ones for which an investment of nearly USD 40-50 billion is needed.