Growth in Asia and the Pacific outperformed expectations in late 2023, reaching 5.0 percent for the year. Inflation has continued to decline, albeit at varying speeds: some economies are still seeing sustained price pressures, while others are facing deflationary risks.In 2024, growth is projected to slow modestly to 4.5 percent. …
Russia's greenhouse gas emissions rose by a tiny 0.3 percent in 2007 to the highest in more than a decade, sharply lagging an oil-backed surge in economic growth, official data showed. Russia emitted 2.192 billion tonnes of carbon dioxide equivalent in 2007, up from 2.185 billion in 2006, according to …
Jammu: An audit scrutiny by the Comptroller and Auditor General has indicted the J-K Government for neglecting the Agriculture and Allied sector, responsible for contributing 27 per cent to the Gross State Domestic Product (GSDP) in the last five years. The CAG report has revealed that even as the net …
It's time the green brigade joins the banker-bashing, Occupy Wall Street movement Another climate summit and another potential disappointment facing the green brigade. Even before it officially kick-starts, there is a widespread feeling that the Durban Summit is expected to be another brick in the collapsing climate wall. The reason …
Balancing national strategic interests and global concerns requires new rules for collective action The upcoming sequel to the 1992 Earth Summit, once again to be held in Brazil, will provide fresh opportunities to draft a common global agenda to safeguard the well-being of humanity -- and the planet. But serious …
The theme of the Rio + 20 Conference was "Green economy in the context of sustainable development and eradication of poverty" and it has not been possible to the find common ground in the serious differences over what constitute economic growth and human wellbeing – ‘the future we want’. Humans …
The new climate regime will lead to commitments only for developing countries, because the United States, which did not ratify the legally binding commitments under the Kyoto Protocol, continues to insist on a framework with nationally determined emissions reductions monitored at the global level. The unresolved issue is multilateral agreement, …
For growing economies the stress has to be on patterns of natural resource use and not on the status of natural resources; that is, dealing with the causes rather than the symptoms of the problem of climate change. The time has come for rapidly growing Asia to distinguish between the …
Not raising diesel prices would harm economy much more' The government has finally taken the bold step to hike diesel prices as well as limit subsidy on cooking gas. This is the highest ever diesel price hike that makes the fuel dearer by Rs 5 without value added tax. At …
A framework for updating the Climate Treaty MukulSanwal [1] On September 23 the world’s leaders will meet in New York to shape the contours of a new global agreement to address climate change. India will face acute pressure to take on commitments to reduce emissions of carbon dioxide and needs …
India’s pivotal role: speaking for the late developers Mukul Sanwal[1] Since 1992 the key issue dividing countries in global environmental negotiations has been ‘common but differentiated responsibilities’and ‘climate justice’ can operationalize that principle to the satisfaction of all countries in a universal regime. As the political consensus moves away from …
Mukul Sanwal[1] The Paris Agreement shifts the global concern away from the sole focus of the Climate Convention on emissions reductions, which is really the symptom of the problem, to dealing with its causes, that is, human activities inthe urban transition.The Purpose of the Agreement, or the new global climate …
