US representative on climate change James L. Connaughton met India

finance ministers of G8 countries recently supported setting up multi-billion-dollar funds to combat climate change in developing countries. Civil society groups and developing countries have, however, criticized the funds placed under the World Bank, saying they might be used for subsidizing carbon-intensive technologies. They want them to be under the un Framework Convention on Climate

By Richard Black, BBC News There is acknowledgement that the poorest countries are going to need help to adapt to climate impacts. At first sight, the G8 agreement on climate change promises much. Leaders are "committed to avoiding the most serious consequences of climate change,' and determined to stabilise greenhouse gases in the atmosphere at levels that would avoid "dangerous climate change.' In fact, this is exactly what leaders of nearly 200 countries signed up to in the original UN Framework Convention on Climate Change (UNFCCC), agreed at the 1992 Earth Summit.

PM releases the 'National Action Plan on Climate Change' in New Delhi (PTI) NEW DELHI: India on Monday unveiled its climate change action plan which does not set target reduction of greenhouse gas emissions but seeks to promote sustainable development through use of clean technologies. The National Action Plan on Climate Change categorically states that India's per capita greenhouse gas emissions will "at no point exceed that of developed countries."

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The State Government today declared the endangered Gangetic river dolphin as the State Aquatic Animal. Chief Minister Tarun Gogoi announced this during a World Environment Day celebration here today. The decision would add teeth to the conservation measures initiated by the State Government to save this endangered species, which was a longstanding demand of the various environmentalist groups across the world.

Global Warming as we all know is one of the serious environmental issues resulting from Green House Effect. Out of all Green House Gases (GHGs), carbon dioxide is the most significant one as its concentration in the atmosphere is increasing at an alarming rate. The most interesting aspect of the GHGs is that they allow the incoming solar radiations to come to earth, but do not allow the longer wavelength radiations of the earth to go up. These are reflected back to the earth surface. As a result the earth's surface temperature is getting warmer.

India has established herself as the most encouraging host party in the carbon market, with the largest global share in registered CDM projects at UNFCCC Amrita Ganguly Ajeya Bandyopadhyay & Subrata Ray

The high aspirations that the Indian green energy-based companies had nurtured for generating additional resources through carbon trading have begun to fade. Their Chinese counterparts have out-smarted them by wooing away customers, largely from the European Union (EU), and forcing them to search for new buyers and even opt for lower prices. Though India, on paper, is still the second largest seller of carbon credits, its market share, reckoned in 2007 at an abysmal 6 per cent, looks insignificant when compared with the 73 per cent market share enjoyed by China.