In increasing the amount of abatement from the 5 billion tonnes of those opening bids to the 9.2 billion tonnes of the higher aspirations, the onus falls back on developed countries, specifically America.

ECONOMIST: What countries are currently offering on climate

The Bombay Stock Exchange (BSE) website said that the bids, for 153 million shares, had been received within 11 minutes of the opening of the offer.

BBC: NEWS | Business | India's $2bn share offer a hit