The year 2009 is a do-or-die year for a new global climate change deal, partly because negotiations are scheduled to end this December. With only 12 months left to negotiate, there is still no agreement on the big issues. These include the transfer of low-polluting technology to poor countries and assigning responsibility for cutting greenhouse gas (GHG) emissions.
With companies cutting production globally, carbon emissions are down, and so is the demand for certified emission reductions (CERs) or carbon credits. This has led to the price of carbon credits crashing from E25 in September to E15 last week.
With companies cutting production globally, carbon emissions are down, and so is the demand for certified emission reductions (CERs) or carbon credits. This has led to the price of carbon credits crashing from E25 in September to E15 last week.
Millions of rural Indians have never experienced how electricity can change their lives. So, their life grinds to a halt as soon as the sun sets. But providing power to the villages would mean more coal-burning by power plants that already emit more than 50 per cent of India
Human-induced emissions are on the rise, says a new study
In a recent study, the Global Carbon Project stated that carbon emissions from human activity have grown nearly four times faster than in the 1990s. The emissions grew at 3.5 per cent per year between 2000 and 2007 as against 0.9 per cent per year between 1990 and 1999.
Ploughing It Back: Several projects run by ONGC enable the company to use a fixed share of its profit for sustained public service (Left: Before the treatment of oil-contaminated land, Right: After the treatment)
