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.
GHGs
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.
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.
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.
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?
If climate change is on top of the agenda worldwide today, it’s because of the work of the Intergovernmental Panel on Climate Change (IPCC) chaired by Rajendra K Pachauri.
If you are not at the table, you are on the menu. The saying has been used aptly by strategic thinkers Andrew Hoffman and John Woody in ‘Climate Change: What’s Your Business Strategy’ to explain why businesses need to engage with governments on environmental issues
India’s climate change agenda would be tracked closely against its compulsions to push the GDP growth, which is sure to raise its carbon footprint.
Though Earth Day falls on April 22, there is a growing interest worldwide to make every day earth day to cope with the two biggest challenges of our times — the economic slowdown and climate change.