"Carbon intensity" is the traditional measure of an economy's carbon performance. However, it is incapable of capturing the multidimensional features of an economy's carbon performance, particularly when increased emissions have causes other than poor emitting technology, such as changes in the energy mix or the substitution of energy for labor.
THE third meeting of the BASIC (Brazil, South Africa, India and China) ministers on climate change was held in Cape Town last month. The joint statement, released at the end of the meet, emphasised on equitable sharing of carbon space. This seems to be the core issue in climate change negotiations.
IN FEBRUARY, 14 distinguished climate scientists, economists and policy experts came together to discuss how to tackle global warming. This week, the London School of Economics and Oxford University are publishing their conclusions. They are worth considering.
In an effort to increase financing for environment-friendly projects, banks have proposed a 0.5 per cent cess on high carbon-producing projects to create a fund that will provide resources for green projects.
INDIA HAS PLEDGED A 20-25% CUT IN EMISSION INTENSITY BY 2020, BUT THERE IS NO ROADMAP OR EVALUATION OF THE COSTS INVOLVED. MEANWHILE, THE WORLD IS WATCHING
Nitin Sethi | TNN
