China is contemplating levying carbon tax and raise the prices of petroleum for the next five years as an incentive to cut greenhouse gas emissions and help realise green targets, an expert said on Monday.
It looks far from clear whether the climate change negotiations will succeed as developing countries like India want to be supported financially and through technology sharing with the rich industrialized world, says Harsh V Pant.
Software-to-soap maker Wipro Ltd plans to reduce its greenhouse gas footprint by half in the next five years. The Bangalore-based company with significant interests in IT, would reduce GHG intensity to 2.5 tonnes per employee by 2015, according to the company's second sustainability report released recently. The GHG footprint for the India operations of Wipro's IT business stands at 4.79 tonnes per employee.
The Indian states figure in the list for East Asia countries. The names are there in annexure five of the 2010 FAO report to assess greenhouse gas emissions from the dairy sector. Arunachal Pradesh has been spelt as 'Arunashal' Pradesh in the list which also shows Aksai Chin as a separate country. China holds Aksai Chin as its integral part while India says it is part of the state of Jammu and Kashmir
India's growth projection released by the latest World Economic Outlook remains unchanged from its previous WEO (World Economic Outlook) update of July this summer but is a three-percentage point in 2021 and 1.6 percentage point drop from its April projections. According to the latest WEO update, released ahead of the annual meeting of the IMF and the World Bank, the world is expected to grow at 5.9 per cent in 2021 and 4.9 per cent in 2022.
While we may not be able to stop it completely, every individual can make a difference by adopting simple measures at home or office.
Encouraged by India and China's decision to cut their greenhouse gas emissions, US President Barack Obama is hopeful that an agreement could be reached at the ongoing climate conference in Copenhagen.
Europe, led by Switzerland, leads the way as the U.S. falls.
Environment and Forests Minister Jairam Ramesh refused to comment on his controversial remarks in China where he criticised the Indian government's approach towards Chinese companies, a day after he apologised to Prime Minister Manmohan Singh for the remarks.
Climate change, water, land won't be the only obstacle to India's growth prospects; water and land have an almost equal potential to derail things.
Obama said he wants to boost the use of natural gas in transportation
Five top United Nations officials have urged world leaders to "seal the deal" at Copenhagen in December on an ambitious new climate change pact aimed at curbing greenhouse gas emissions.
Even if the leaders can't negotiate a binding agreement, many countries hope to work out commitments to reduce their greenhouse-gas emissions and provide assistance to poorer countries likely to be hardest hit by the effects of global warming.
Confusion prevailed over some reports from Beijing which quoted environment and forests minister, Jairam Ramesh, saying India will voluntarily reduce its carbon intensity by 20-25 per cent.
The Maryland House of Delegates has passed major legislation authored by Majority Leader Kumar Barve--the longest-serving Indian American legislator--to dramatically reduce greenhouse gas emissions in the state.
Pitching for transfer of clean technologies to enable the developing countries to adapt to climate change, Science and Technology Minister Kapil Sibal asked the developed nations to keep politics aside while addressing environmental issues. Addressing a seminar on climate change here, he said it was time to think about 'alternative and workable' solutions to address the issue of carbon emissions.
US President George Bush has reiterated that the United States will not join any international regime on climate change unilaterally and sacrifice American industry and jobs, unless such a treaty binds the burgeoning economies of India and China to emission targets. But Chidambaram had slammed the US and other developed countries for creating the problem in the first place and now trying to coerce developing countries like India to carry more than their share of the burden.
Congressman James Sensenbrenner, the senior most Republican was among a high-powered delegation of US lawmakers, led by House Speaker Nancy Pelosi that visited India last month. Sensenbrenner has made it clear that the US Congress will not ratify any global climate change agreement if India is not a party to it. This delegation focused on global warming and energy among other issues. He said without India & China, the US will be at an economic disadvantage in a global treaty.
So how do you trade in carbon? Who can trade and at what price? Joseph Massey, Deputy Managing Director, MCX, tells it all.
In the last 10 years, India's net addition to its forest cover has broadly been 0.3 million hectares per year and the country's total forest and tree cover is 78.37 million hectares which is 23.84 per cent of geographical area.
Nobel Laureate Wangari Mathai was on Monday awarded the Indira Gandhi Prize for Peace, Disarmament and Development at a function at Rashtrapati Bhavan where a call was made to the developed world to join hands in adopting eco-friendly practices and tackle climate change and greenhouse gas emissions.
However, Adani Australia has clarified on its Facebook page on Monday that in terms of quality of the coal it is almost 50 per cent better than that used domestically.
Several large cities within the low elevation coastal zone like Mumbai and Chennai will go under the sea if the present growth rate of greenhouse emissions continues, with new infrastructures being made along the coastline of these cities coming under the danger zone. 'This isn't going to happen gradually. What we are going to see is a series of coastal surges, you will see inundation, salt water intrusion -- which will cause lots of harm and devastation.
India's JSW Steel has been awarded more than 5.4 million carbon credits, including four million carbon credits in the single largest issuance of emissions permits to a Kyoto Protocol project, by the United Nations.
Apparently, Australia's national animal has some special bacteria in its stomach that cuts methane content in flatulence to zero. Scientists believe that if the bacteria can be transferred to cows and sheep, 14 per cent of harmful emissions can be eliminated.
Challenging the widely-held view that fossil fuel subsidies benefit the poor, the UN has asked for cutting back on such mechanisms to curb greenhouse gas emissions and propel economic growth.
The warming of Earth and increases in sea level would continue for centuries even if greenhouse gas concentrations were to be stabilized, says the summary of a UN report leaked to the media.
The study called for people in wealthy countries to more than halve their daily meat intake -- particularly red meat -- over the next 40 years to stop emission levels from rising further.
The most immediate challenge for growth is the disruption of the global economy brought about by the Ukraine war and related sanctions, the Covid shutdowns in China and the rising tide of inflation, points out Nitin Desai.
Carbon credits are a tradable permit scheme. They provide a way to reduce greenhouse gas emissions by giving them a monetary value.
With the transport sector responsible for a fourth of greenhouse gas emissions, the debate over the impact of cars such as the Tata one is going to get more strident.
The highest income group consisting of one per cent of population emits four-and-half times as much carbon dioxide as compared to the lowest income group with 38 per cent of the population in India, according to a report.
India has held that countries responsible for creating the problem of climate change should come out in a big way to solve this issue.
The industrialised world must work fast.
Reliance Industries will by 2030 create or enable capacity to generate at least 100 gigawatts of electricity from renewable sources, which can be converted into carbon-free green hydrogen, its chairman Mukesh Ambani said Friday as he outlined a 1-1-1 vision to bring down the cost of hydrogen to under $1 per 1 kg in 1 decade. The focus on generating electricity from renewable sources of energy such as solar and wind -will help cut carbon emissions in the world's third-largest greenhouse gas emitter. The same electricity, when converted into green hydrogen, can replace petrol and diesel in automobiles and other fuels in the industry, helping cut down on the use of fossil fuels, carbon emissions and reduce import dependence.
The contract would give a big boost to India's $150 billion nuclear power programme, and a broader push to curb greenhouse gas emissions.
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