Climate Economics

Order of the National Green Tribunal regarding large scale felling of toddy yielding palm trees in Bihar, 05/06/2025

Order of the National Green Tribunal in the matter of In Re: News Item titled "Are missing palm trees causing more lighting deaths in Bihar appearing in ‘The Times of India’ dated 29.05.2025". The original application was registered suo-motu based on the news item titled "Are missing palm trees causing …

National contributions for decarbonizing the world economy in line with the G7 agreement

In June 2015, the G7 agreed to two global mitigation goals: 'a decarbonization of the global economy over the course of this century' and 'the upper end of the latest Intergovernmental Panel on Climate Change (IPCC) recommendation of 40%–70% reductions by 2050 compared to 2010'. These IPCC recommendations aim to …

Economic structural change as an option for mitigating the impacts of climate change

Improving the resilience of the economy in the face of uncertain climate change damages involves irreversible investments to scale up new technologies that are less vulnerable to the effects of climate change. The benefit of having such options includes the avoided welfare cost of diverting consumption to scaling up the …

‘Climate value at risk’ of global financial assets

Investors and financial regulators are increasingly aware of climate-change risks. So far, most of the attention has fallen on whether controls on carbon emissions will strand the assets of fossil-fuel companies1, 2. However, it is no less important to ask, what might be the impact of climate change itself on …

Statistical forecasting: how fast will future warming be?

A new paper published by the Global Warming Policy Foundation explains how statistical forecasting methods can provide an important contrast to climate model-based predictions of future global warming. The repeated failures of economic models to generate accurate predictions has taught many economists a healthy scepticism about the ability of their …

Carving out a model for enhancing CO {-2} sinks

In the Paris Summit (United States Conference on Climate Change), held during December 2015, India has strongly advocated climate justice and adhered to the principles of equity and common but differentiated responsibilities (CBDR) on the issue of climate change actions. Intended nationally determined contributions (INDCs) for the period 2021-30 were …

Uncertainty in greenhouse gas emission scenario projections: experiences from Mexico and South Africa

UNEP DTU Partnership has released the report Uncertainty in Greenhouse-gas Emission Scenario Projections, which outlines approaches to quantify the uncertainty associated with national-level projections of greenhouse-gas emissions, by describing practical applications of those approaches in Mexico and South Africa. The report aims to promote uncertainty quantification, because quantifying uncertainty has …

Inequality, climate impacts on the future poor, and carbon prices

Hundreds of published papers produce “optimal” trajectories of global emissions of carbon dioxide, and corresponding carbon prices, over this century, taking into account future damages inflicted by climate change. To our knowledge, in all instances the models ignore inequalities in economic variables beyond regional differences. Here, we introduce heterogeneous subregional …

Climate change accord could make India a world leader

Paris: The successful conclusion of the Climate Change Summit here will offer India an opportunity to position itself as the leader of the developing world. If, however, India does not agree with the rest of the world to consider the outcome to be worthwhile, the possibility of a global deal …

Climate change talks enter final phase, India promises positivity

Environment Ministers from across the world today converged here for crucial talks in the final leg of the climate summit amid hopes to secure a concrete pact to curb greenhouse gas emissions as a “pro- active” India eyes a stronger say in the high-stakes parleys. Environment Minister Prakash Javadekar flew …

Climate finance on agenda: Don’t shift responsibility on funds, India tells developed nations

“The emphasis should be on the amount of money that is being raised and not on the number of countries in the donor list,” said Ajay Mathur, a key Indian negotiator. Rejecting attempts to force some developing countries to contribute funds for climate finance, India said on Thursday that the …

Developed world must honour climate commitments: India

India today asked the developed world to 'walk the talk' and honour its pre-2020 commitments in the fight against climate change and joined Brazil, China and South Africa in seeking a clear roadmap in this regard. As the rich-poor divide dominated crucial talks in France to limit global warming, Environment …

Climate Summit: Developed nations must leave room for developing countries, says Modi

By 2030 India will produce 40 per cent of its energy by non fossil fuels, says Modi Paris: Developed nations must leave enough room for developing countries to grow, Prime Minister Narendra Modi said on Monday, asserting that the life of a "few" should not crowd out the opportunities for …

World Bank sets USD 16 bn plan for climate fight in Africa

Washington: The World Bank announced today a plan to help Africa weather climate shocks that requires USD 16.1 billion in financing through 2020. The goal is to raise the money from several development organizations, countries and private partners, with the International Development Association, the World Bank arm that supports the …

Paris foretold and forewarned

What will happen at the Paris climate change conference of parties? This December, as leaders gather at the 21st annual congregation to resolve the global crisis, the world has changed somewhat. There is a growing acceptance verging on unanimity that climate is changing, but it is the poor who are …

Global non-linear effect of temperature on economic production

Growing evidence demonstrates that climatic conditions can have a profound impact on the functioning of modern human societies, but effects on economic activity appear inconsistent. Fundamental productive elements of modern economies, such as workers and crops, exhibit highly non-linear responses to local temperature even in wealthy countries. In contrast, aggregate …

Australia is ‘free to choose’ economic growth and falling environmental pressures

Over two centuries of economic growth have put undeniable pressure on the ecological systems that underpin human well-being. While it is agreed that these pressures are increasing, views divide on how they may be alleviated. Some suggest technological advances will automatically keep us from transgressing key environmental thresholds; others that …

Wall Street wakes up: Sustainable investment and finance going mainstream

The pens slipped easily across the paper, about every eight minutes. At regular intervals, Heads of State entered the innermost sanctum and solemnly signed their names, committing their nations to the Framework Convention on Climate Change. The year, 1992. The place, the landmark United Nations Conference on Environment and Development, …

Developing countries irked by report saying climate change funds delivered

OECD report says $62 bn given in 2014-15; developing nations allege creative accounting and green-washing Developing countries irked by report saying climate change funds delivered A recent report claiming $62 billion has been mobilised as climate finance funds in 2014-15, against the developed countries’ commitments of an annual $100 billion …

Climate change can slam global economy, says report

Climate change could cause 10 times as much damage to the global economy as previously estimated, slashing output as much as 23 per cent by the end of the century, a new research paper from Stanford and Berkeley finds. Looking at 166 countries from 1960 to 2010, the researchers identified …

‘Neither ambitious nor equitable’: Indian think tank on US climate action plan

At the time when India is asking rich nations to look at their lifestyle and excessive consumption pattern to reduce their carbon footprints, an Indian green think tank - the Centre for Science and Environment (CSE) - on Wednesday came out with a comprehensive study substantiating New Delhi's view point. …

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