The National Biodiversity Authority has released a new set of rules to manage sharing of benefits generated through the use of biological resources. The Biological Diversity (Access to biological Resources and Knowledge Associated thereto and Fair and Equitable Sharing of Benefits) Regulation 2025 was approved by the Central government and …
Governments like to cite external constraints—such as meeting the conditions for an international bail-out—when pushing through unpopular policies. But with measures to deal with climate change, the opposite prevails. Each round of intergovernmental talks on cutting emissions and compensating victims seems to achieve less than the one before. Meanwhile, according …
Ireland's long-awaited draft Climate Change Bill is at "an advanced stage" and set to be published in the first quarter of this year, following a series of delays. In announcing the update, Irish Environment Minister Phil Hogan said that work on developing provisions of progressive primary legislation for the document …
Over the last three years, with its economy in tatters, Ireland embraced a novel strategy to help reduce its staggering deficit: charging households and businesses for the environmental damage they cause. The government imposed taxes on most of the fossil fuels used by homes, offices, vehicles and farms, based on …
Britain plans to exempt industrial energy users from extra costs arising from its electricity market reform following complaints from industry that the costs would harm their international competitiveness. Details of the plan have not been decided, a spokesman for the energy ministry said. The government will launch a consultation next …
Used by governments for decades, market-based policies are mechanisms to control environmental pollution at various leverage points. They work by changing relative prices – raising the cost of emissions-intensive activities and/or lowering the cost of lower-emitting alternatives – to provide producers and consumers with a financial incentive to adopt the …
This paper aims to analyse the impact of two post-Kyoto climate policy regimes on GDP growth, CO2 emissions, and welfare in India. Both regimes aim to limit the long-term average global temperature increase below 2°C. The first policy regime is a global carbon tax. The second policy regime is based …
THE shale-gas revolution in America has been as sudden and startling as a supertanker performing a handbrake turn. A country that once fretted about its dependence on Middle Eastern fossil fuels is now on the verge of self-sufficiency in natural gas. And the news keeps getting better. This week the …
US President Barack Obama on Wednesday vowed a new push for action on climate change, saying the United States had a duty to come together to curb emissions in the wake of megastorm Sandy. In his first news conference since his decisive re-election on November 6, Obama said he planned …
The United States needs to update its energy policy to reflect the boom in natural gas and oil production that has boosted manufacturing jobs, said the top Democrat on the Senate energy committee on Thursday. Ron Wyden, who is in line to take over the panel's gavel in January, said …
California is set to unveil a new weapon in its fight against global climate change on Wednesday when it holds its first sale of carbon emissions permits - a landmark experiment that it hopes will serve as a model for other U.S. states and the federal government. The state's carbon …
President Barack Obama said he plans to work with Congress in his second term to curb human-aggravated climate change, but not at the expense of the U.S. economy. "I am a firm believer that climate change is real, that it is impacted by human behavior, and carbon emissions," Obama said …
The European Union (EU) announced on Monday deferring plans to charge a carbon tax on passengers flying to and from its 27 member countries. European Commissioner for EU, Connie Hedegaard, said, “In order to create a positive atmosphere around these very important negotiations, I have just recommended in a telephone …
Australia will need to import about 100 million tonnes of carbon abatement in 2020 to meet its greenhouse gas reduction targets, the first official emissions projections since Australia imposed a price on carbon found on Wednesday. Australia introduced a $23 per tonne carbon tax on around 300 of the nation's …
Can directed technical change be used to combat climate change? This paper construct new firm-level panel data on auto industry innovation distinguishing between “dirty” and “clean” (e.g. electric and hybrid) patents across 80 countries over several decades. It show that firms tend to innovate relatively more in clean technologies when …
A greenhouse gas reduction target of 40% below 1990 levels for 2030 for the European Union, to be achieved within Europe, would not necessarily be sufficient for achieving the target of limiting global temperature increase to 2 °C, given a possible lack of comparable efforts by other countries. Based on …
The Ministry of Transport is considering piloting carbon trading or a carbon tax in the domestic shipping business, the Economic Information Daily reported on Monday. The ministry has researched different market measures to cut carbon emission in China's shipping business, and either carbon trading or a carbon tax may be …
New Delhi: The face-off between the European Union (EU) and India over carbon tax on aviation could see a resolution, with a compromise formula likely to evolve at the UN’s International Civil Aviation Organization (ICAO)’s meeting to be held in end-October. Under the proposed formula, an international market-based mechanism would …
Extra funding for climate change mitigation and forestry programmes also part of oil-rich nation's radical programme Norway is to double carbon tax on its North Sea oil industry and set up a £1bn fund to help combat the damaging impacts of climate change in the developing world. In one of …
New Delhi: Civil aviation minister Ajit Singh on Monday said that India is strongly opposed to any kind of sustainable measures that would restrict growth of India’s aviation industry, including the carbon taxation proposed by European Union states. Speaking at a directorate general of civil aviation international conference in Delhi, …
Imposing a $20 per metric ton carbon tax in the U.S. could reduce the country's budget deficit by 50 percent over the next 10 years, a report by the Congressional Research Service said on Tuesday. Such a tax would generate approximately $88 billion in 2012, rising to $144 billion by …
