'We recognise our responsibilities by way of mitigation and adaptation. I presented India's climate action plan -- national mission -- and we are willing to do more if there is arrangement to provide additional financial support as well as technology transfers from the developed to the developing countries to ensure clean, sustainable development can really become effective instrument for strengthening strategies for climate change,' Manmohan Singh said.

The G8 and G5 countries could not agree on the issue of climate change at the summit. While the G5 wanted the developed (G8) countries to commit to early reduction in emissions, 40 percent by 2020 and over 80 percent by 2050, the G8 countries were ready only to commit for 50 percent emission cuts by 2050.

With no consensus being reached on the issue of climate change at the L'Aquila summit, the leaders are hoping that a breakthrough will be made before or during the crucial UN summit on climate change to be held in Copenhagen this December.