The European Union has proposed that countries like India and China, which are more advanced than other developing nations, should partly share the climate change adaptation and mitigation expenditure in developing countries.
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India is proposing to impose a mandatory fuel efficiency cap, enforce an energy-efficient building code for all public buildings, and push the share of renewables to mitigate climate change.
While urging governments to take collective action to address the challenge of climate change, global business leaders and investors extend support for arriving at a balanced and effective global agreement in Copenhagen.
The global Clean Development Mechanism (CDM) is set to look up. The Certified Emission Reduction (CERs) credits issued under CDM would double by 2010, says new research by IDEAcarbon, a carbon rating agency. CERs are issued by the United Nations Framework Convention on Climate Change (UNFCCC) to projects in developing counties for reducing the emission of planet warming greenhouse gases (GHG). Reduction of one tonne of carbon dioxide per year earns one CER.
Solar power is all set to light up the renewable energy industry in the country with the launch of Jawaharlal Nehru National Solar Mission.
Only political will at the highest level can break the ongoing deadlock in the global climate change negotiations. The biggest opportunity to give a push to the post-Kyoto talks is expected to come up during the UN secretary-generals climate change summit in New York on September 22, when more than 100 heads of state and government are expected to assemble, say sources involved closely with the preparatory talks.
The Acme group is about to set a new benchmark in the solar energy industry. It is on schedule to complete the first phase (5 mw) of its grid-interactive 10-mw solar thermal power project at an approximate cost of Rs 15 crore/mw by March 2010, in Rajasthan.
The e-waste management rules seek to make it mandatory for industries like computer manufacturing to take back products after they become unusable.
After Prime Minister Manmohan Singh said that the country won’t take binding targets for carbon emission reduction, Rajendra K Pachauri, chair, Intergovernmental Panel on Climate Change, asks if we don’t do it, what is the basis for our demanding that developed countries take action on climate change.
The next round of climate change talks in Bonn hang on who will commit and to how much cuts in GHG emissions? Who will pay developing countries for emission cuts and how much? How can cleantech be transferred from developed to developing countries?