The developed countries have refused to share a portion of the profits they make from the international carbon trade to replenish a fund meant to help poor and developing countries adapt to climate change.
The rich countries, which were mandated to cut down on their emissions, are instead on an upward curve that could lead the world to tipping point. The global warming-causing greenhouse gas emissions of the rich nations have increased by 9.9% between 1990-2006.
NEW DELHI: The rich countries, which were mandated to cut down on their emissions, are instead on an upward curve that could lead the world to tipping point. The global warming causing greenhouse gas emissions of the rich nations have increased by 9.9% between 1990-2006.
More than 50 countries have banned it. The World Health Organisation says its causes cancer. Even a country that exports it to India prefers not to use it domestically. But India refuses to even label asbestos as a hazardous material and is again ready to internationally commit to import it without any restrictions.
With developed economies staring at a recession, talks of the global financial meltdown forcing climate change negotiations into a freeze have gained ground. The collateral damage from the financial contagion closest home could be to India
New Delhi: For those who believe India is not doing enough to check the growth of its greenhouse gas emissions, here is some news that should serve as an eye-opener. Through carbon trading projects under the Clean Development Mechanism, more than 5 million tonnes of carbon dioxide will be avoided by 2012
