India, Japan Agree to Work Together on Climate Change IssuePrime Minister Manmohan Singh and his Japanese counterpart Yukio Hatoyama have agreed to work together in a positive and constructive way on the climate change issue.
The two leaders held a bilateral meeting on the sidelines of the ASEAN summit in the Thai seaside town of Hua Hin on Saturday.
Singh reiterated that the solution must be based on principles of equity and the overriding imperative of economic development and poverty reduction.
He also referred to India's National Action Plan for Climate Change and reiterated India's intention to keep our per capita... Read more.. Date : Oct 27
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Public finance can scale up climate investment - reportLONDON (Reuters) - Public finance could help stimulate private investment in climate change solutions in developing countries, a report commissioned by the United Nations' Environment Programme showed on Monday.
World leaders are grappling with how much funding should be provided for poor countries as part of a deal to tackle climate change which they hope to clinch in Copenhagen in December.
"Today's report underlines a range of public policy options that reflect the varying circumstances currently prevailing in developing economies and show how existing barriers to a green... Read more.. Date : Oct 27
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Three solar firms picked for Andhra Pradesh developmentThe Andhra Pradesh Industrial Infrastructure Corporation (APIIC) has issued offer letters, so far, to an Indian and two American companies for setting up solar power plants at Kadiri in Anantapur district where it has earmarked an area of 5,000 acres for allotment to solar power projects.
According to APIIC chairman and managing director BP Acharya, the three companies will together invest over Rs 3,000 crore. While US-based Sunborne will be investing Rs 2,000 crore, California-based AES Solar and Hyderabad-based Lanco Solar will be investing about Rs... Read more.. Date : Oct 27
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How climate change will effect economy and more?Three weeks ago, Investor’s Guide carried a story about the likely impact of climate change on equity investors and the ways to mitigate this risk. This created a vigorous debate on the subject both outside and inside the office.
While everyone agreed with the need to do something about it, many were sceptical about the economic rationale of the green initiatives. According to sceptics the switch to a low carbon economy would be financially prohibitive and will lower the economic growth. Put it other way, it would be business as usual on the economic front and as such investors can... Read more.. Date : Oct 26
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World legislators agree to key principles on curbing climate changeCOPENHAGEN, Oct. 25 (Xinhua) -- Over 100 legislators from major economies across the world agreed here on Sunday to key legislation principles on curbing climate change. The principles, set out by Wang Guangtao, chairman of the committee for environmental and resources protection of China's National People's Congress (NPC), and U.S. congressman Edward Markey, are aimed to enact climate change legislation in the major economies. The legislators, who are from eight industrial countries and five leading emerging economies like China, India and Brazil, were in Copenhagen for a two-... Read more.. Date : Oct 26
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Lawmakers join hands to fast-track carbon cutCOPENHAGEN: The time to act is now, whether or not there is an international consensus on climate change at the UN Copenhagen talks in December,say the 100-odd legislators from major economies representing major political parties — including US, UK, France, China, Brazil, Mexico and India.
The lawmakers have converged at the Danish capital at a GLOBE International and COM+ meeting held over two days from October 24-25 at the Folketing, the Danish parliament in preparation to the UNFCCC meeting in December that is expected to find an alternative to the Kyoto Protocol that is to... Read more.. Date : Oct 26
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Technology transfer crucial in fight against climate change: FMNew Delhi, Oct 21 : Minister for Finance Pranab Mukherjee today said transfer of clean technology and finances by the developed nations to the developing countries was crucial in the fight against climate change as it was beyond the latter's capability to bear the cost of mitigation and adaptation. He also reaffirmed India's stand that a successful outcome of the coming Copenhagen meet should be based on the principles of common but differentiated responsibility and UNFCC framework.''I firmly believe that clean technolgy should be shared by all if climate change was going to... Read more.. Date : Oct 25
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'Climate change is a good business opportunity'The founding director of the UK’s Tyndall Centre for Climate Change, Mike Hulme heads the EU integrated project ADAM (Adaptation and Mitigation Strategies) that contributes to EU climate policy. In India to participate in the Low Carbon Futures project of the British Council, Prof Hulme talks to Narayani Ganesh about why there is so much disagreement on climate change. “We have the science; what we need is better politics,” he says
What kind of perspective do we need to deal with climate change?
Perspectives that are based on different frames: one looks to market solutions,... Read more.. Date : Oct 25
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Pre-Copenhagen Executive Mission Matches U.S. Technology to Indian NeedsNEW DELHI, India - (Business Wire) The U.S.-India Business Council launched today the first annual Green India Executive Mission, with an executive delegation representing some of the world’s leading clean energy and water infrastructure companies. Led by Mr. Robert Nelson, senior partner with the renowned firm of Akin Gump Strauss Hauer & Feld, and Member of the U.S.-India Business Council Board of Directors, the Green India Executive Mission is in partnership with the Confederation of Indian Industry.
“Our Delegation is... Read more..Date : Oct 25
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PM seeks climate change consensusPrime Minister Manmohan Singh has called a meeting of the National Development Council (NDC), a body comprising all the chief ministers and key cabinet ministers, to seek a national consensus on India’s position at the Copenhagen meet on climate change in December.
The government has signalled that it may amend some of its positions on climate change, as developed countries are pressing for more flexibility. Opposition parties have, however, warned against any shift in stance.
India’s existing position includes a commitment that it will not allow its per capita emissions to... Read more.. Date : Oct 25
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UNFCCC chief suggests 3 pillars for climate talksBarely six weeks to go before the crucial climate conference in Copenhagen, the nodal institution United Nations Framework Convention for Climate Change (UNFCCC) has urged the member countries to urgently address three pillars – greenhouse gas (GHG) emission cut and reduction in growth of emission, significant funding and technology transfer and setting up of a suitable mechanism for monitoring. The UNFCCC Executive Director, Yvo de Boer said that though in the long run $200 billion per year would be needed for effective reduction in emission cut and another $100 per year would be needed... Read more.. Date : Oct 25
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Cadbury shares vision for carbon trading| Sourced From Accra-mail.com | The Ethical Sourcing Advisor at Cadbury, Tony Lass, has revealed how Cadbury is exploring innovative ways of encouraging Ghanaian farmers to adopt practices that will provide long-term sustainability in cocoa production for future generations of farmers. The initiative is a key objective of the Cadbury Cocoa Partnership, launched in 2008, which involves the investment of £45 million in supporting thriving cocoa communities in Ghana, India, South East Asia and the Caribbean over a ten-year... Read more.. Date : Oct 25
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Gordon Brown Says 5 Billion Tons of Carbon Cuts Needed by 2020Oct. 19 (Bloomberg) -- Leaders need to find up to 5 billion tons of additional greenhouse-gas cuts by 2020 to help limit temperature increases to 2 degrees Celsius (3.6 degrees Fahrenheit), U.K. Prime Minister Gordon Brown said. Citing estimates by the government’s former chief economist,... Read more.. Date : Oct 25
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China, India Cancel Out CopenhagenClimate Change: With less than two months to go before the big Copenhagen Conference on global warming, two major nations have said "no thanks" to the no-growth agenda. For that reason alone, so should we. Following a deal signed late Thursday between China and India, anything we might agree to do in Copenhagen is likely moot anyway. The two mega-nations — which together account for nearly a third of the world's population — said they won't go along with a new climate treaty being drafted in Copenhagen to replace the Kyoto Protocol that expires in 2012. They're basically saying no to... Read more.. Date : Oct 24
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Why Oil Prices May Never Rise Above $150One of the most bedeviling problems for oil producers (and oil investors) is knowing when it's too cheap to keep producing, and when it's too expensive to sell. Last year gave us new boundaries: $147 a barrel was too expensive, and $33 was too cheap. But those aren't terribly useful numbers in the real world. We now know that $147 was extra-inflated by too much money sloshing into the sector, and $33 was extra-deflated by the fear and confusion that dominated all markets in December of last year. It's likely that tighter regulation of the oil futures market will tamp down the former, and... Read more.. Date : Oct 24
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India-Norway MoU to boost CDM projectsNew Delhi: India, which is the second largest beneficiary of clean development (CDM) projects after China, got a boost to its activities on Thursday with the signing of a Memorandum of Understanding (MoU) with Norway at the sidelines of the ongoing two-day high level global conference on climate change and technology development and transfer in Delhi. The MoU was signed between the Indian minister for environment and forests, Jairam Ramesh and the Norwegian minister of environment and international development, Erik Solheim. It comes into effect from the date of signing and will remain in... Read more.. Date : Oct 24
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Policy to tackle climate change issue required - ASSOCHAMAccording to the findings of an ASSOCHAM Business Barometer survey, India needs to commit itself to a target for reducing green house gas emissions at the ongoing negotiations on climate change if it is to win the battle against climate change. With 85% of the focus group survey respondents arguing in favour of a clear cut, sustainable and more aggressive approach by the Indian government to tackle the climate change issue, the industry seeks greater emphasis to be laid on the issue to address their concern on immediate basis. The findings of the ASSOCHAM focus group survey on climate... Read more.. Date : Oct 24
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Another Dissenter: Atmospheric Scientist Dr. Tim Coleman rejects ‘hysteria’ of global warmingDr. Tim Coleman AlabamaWx.com Friday, October 23, 2009 Global warming, or what is now often reffered to as global climate change, is one of the most polarizing issues of our time. In this article, I will attempt to explain the basic physics of global temperature changes, how we are attempting to measure and predict them, the alleged consequences (and even possible advantages) of global warming, the “solutions” to slow it, and the potential impacts of such measures on our lives. (NASA) 1.... Read more..Date : Oct 24
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UK’s Impax Raises $174M Asia Environment Fund
Impax is looking to invest in companies that focus on clean energy, water and waste.
London's Alternative Investment Market (AIM)-listed Impax Asset Management has said that it has raised $174 million (£104.5 million) for its new fund, Impax Asian Environmental Markets Plc.
The new fund has raised capital through an IPO, and will invest across Asia, including India. Impax Asset Management, till recently known as Impax Group, is an investment manager which specialises in the... Read more.. Date : Oct 24
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Geoengineering the Planet: The Possibilities and the PitfallsInterfering with the Earth’s climate system to counteract global warming is a controversial concept. But in an interview with Yale Environment 360, climate scientist Ken Caldeira talks about why he believes the world needs to better understand which geoengineering schemes might work and which are fantasy — or worse.
Ken CaldeiraAtmospheric scientist Ken Caldeira first became known for his groundbreaking work on ocean acidification, a phrase originally coined as a headline for one of his papers. Of late, however, Caldeira’s research has led him into the controversial area of... Read more.. Date : Oct 24
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Indian Prime Minister says green technology should be sharedNEW DELHI—Indian Prime Minister Manmohan Singh argued Thursday that innovations in “green” technology should be shared with developing countries in much the same fashion as HIV/AIDS drugs.
Labeling new, clean-energy discoveries “global public goods,” Singh said the attached legal copyright regime should balance rewards for the innovators with the need to promote the common good of humanity.
“Suitable mechanisms must be found that will provide incentives for developing new technologies while also facilitating their deployment in developing countries at affordable cost,” Singh... Read more.. Date : Oct 23
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India brings new hope to global climate negotiationsThis guest repost is by CAP’s Andrew Light , Julian L. Wong , and Sabina Dewan . Above, Secretary of State Clinton and India’s Junior Minister for Environment and Forests Jairam Ramesh discuss climate change during Clinton’s visit to India in July. Most of the attention in the lead up to the December United Nations climate change summit in Copenhagen has been focused on the United States and China—the two biggest annual emitters of greenhouse gases. But India may b
Date : Oct 23
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India, Norway sign green dealNew Delhi, Oct 22 (IANS) India and Norway Thursday signed a memorandum of understanding (MoU) on cooperation to fight climate change. Specifically, the two countries will work to develop projects under the UN’s clean development mechanism.
Environment ministers of the two countries, Jairam Ramesh and Erik Solheim, signed the MoU here on the sidelines of the Delhi conference on development and transfer of green technologies.
Date : Oct 23
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The Problem With Getting Everyone To Go GreenThought that only kids can be tree huggers? Think again!
ICOM
Information and Communications, conducted a recent study which found that:
“consumers over the age of 55 are the most prolific users of environmentally friendly household products. Females ages 55 to 59 are the greenest, more than twice as likely as the average consumer to use sustainable products. Men ages 65 to 69 weren’t far behind at 1.7 times as likely to use sustainable... Read more.. Date : Oct 23
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CDM reform in 'glass bubble' at Copenhagen talks - IETALONDON (Reuters) - Reforming a U.N-run carbon offset scheme is in danger of being overshadowed by other issues in talks to form a new climate change pact later this year, the head of the International Emissions Trading Association said on Tuesday.
Reforming the scheme is important to iron out inefficiencies which some think curb the amount of emissions reductions it produces.
The European Union is pushing a sector-based approach to the carbon credit system called the Clean Development Mechanism (CDM) from 2013 to widen its scale and improve its environmental integrity. ... Read more..Date : Oct 23
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