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 …
Australian Prime Minister Malcolm Turnbull on Wednesday said the country would establish a A$1 billion ($761.60 million) clean-energy innovation fund, in a major departure from his predecessor's much maligned approach to combating climate change. Conservative former Prime Minister Tony Abbott was criticized by environmental groups for lagging behind other advanced …
As the world moves on from the climate agreement negotiated in Paris, attention is turning from the identification of emissions reduction trajectories—in the form of Nationally Determined Contributions (NDCs)—to crucial questions about how these emissions reductions are to be delivered and reported within the future international accounting framework. The experience …
Carbon taxes have been frequently advocated as a cost-effective instrument for reducing emissions. However, in the practice of environmental policies, only few countries have implemented taxes based on the carbon content of the energy products. Current circumstances of climate science may permit a reconsideration of direction for existing policy efforts …
A flagship annual document of the Ministry of Finance, Government of India, Economic Survey 2015–16 reviews the developments in the Indian economy over the previous 12 months, summarizes the performance on major development programmes, and highlights the policy initiatives of the government and the prospects of the economy in the …
The idea of a global carbon price has been a recurrent theme in debates on international climate policy. Discarded at the Conference of Parties (COP) of Copenhagen in 2009, it remained part of deliberations for a climate agreement in subsequent years. Unfortunately, there is still much misunderstanding about the reasons …
Australia's carbon emissions are unlikely to peak until after 2030 despite a commitment to cut its 2005 greenhouse gas level by up to 28 percent over the next 15 years, according to a study out on Monday. An independent probe into government emissions data by carbon consultancy firm RepuTex has …
Long-term funding of the Turnbull government's keystone climate policy remains in doubt as mixed messages emerged from the government about whether further funds will be allocated beyond the current $2.55billion. Finance Minister Matthias Cormann was reported on Monday as saying that there was no funding for the Emissions Reduction Fund …
Countries, including members of the G20, should strengthen the credibility of their pledges to limit or reduce annual emissions of greenhouse gases in order to build confidence in the Paris Agreement on climate change, according to a new report published by the Grantham Research Institute on Climate Change and the …
To reach the level of investment in new renewable power generation needed to avert dangerous climate change, $12.1 trillion of investment will be needed over the next 25 years, which is $5.2 trillion above business-as-usual projections, a new report by Ceres and Bloomberg New Energy Finance concludes. Clean energy investment …
The green growth transition will be large, system-wide and structural. In other words, a new industrial revolution. This will require new green growth policies that foster economic growth and development while ensuring that natural assets continue to provide the resources and environmental services on which our well-being relies. More and …
Australia's greenhouse gases from its power sector jumped by 3.8 million tonnes in 2015, potentially making it harder to meet the country's international promises to cut total emissions. Pollution from power stations - which account for about a third of Australia's total carbon emissions - was up 2.4 per cent …
The world’s biggest producer of wind turbines has accused Britain of obstructing use of new technology that can slash costs, preventing the wind industry from offering one of the cheapest forms of energy without subsidies. Anders Runevad, chief executive of Vestas Wind Systems, said his company's wind turbines can compete …
In a report published as part of the International Monetary Fund (IMF) Staff Discussion Note (SDN) series, experts examine the role that fiscal polices can play in assisting countries to implement the Paris Agreement adopted at the end of 2015. The paper, titled 'After Paris: Fiscal, Macroeconomic, and Financial Implications …
The United States will need new legislation to achieve its long-term target of reducing greenhouse gas (GHG) emissions by more than 80 percent by 2050. In this issue brief, show how a national carbon price—in the form of either a carbon tax or a cap-and-trade program—can help the United States …
The report Analysing the status quo of CDM projects concludes that under current market conditions, the Clean Development Mechanism (CDM) is currently not able to provide sufficient incentive for the continuation of mitigation activities and identifies a general risk of mitigation activities to discontinue. Due to their substantial mitigation potential …
The draft outcome was barely sufficient to justify the time and effort expended at Paris. In comments on the Draft Paris Outcome for a climate agreement released on Wednesday afternoon at the Conference of the Parties, Dr. T. Jayaraman, Professor, School of Habitat Studies, Tata Institute of Social Sciences, said, …
This paper compiles nine in-depth case studies of sub-national climate mitigation programs that exceed or lead national policy directives. From California to Rajasthan, India, these case studies reveal a range of local partnerships that exhibit strong climate leadership. In addition to examining the policy frameworks that make these accomplishments possible, …
The Canadian province of Alberta, home to the country's controversial oil sands, said on Sunday it will implement an economy-wide tax on carbon emissions in 2017, addressing long-standing criticism it is not doing enough to combat climate change. The provincial government estimated the plan, including a pledge to phase out …
As many as 31 Indian companies have made it to a global list for disclosing climate change related information to their investors, including four corporates - ITC, Tata Steel, Tech Mahindra and Wipro - which have attained a perfect score of 100. According to the annual Climate Change Report by …
The National Treasury publishes the Draft Carbon Tax Bill for public comment, following on the announcement made by the Minister of Finance in the 2015 Budget. Cabinet approved the publication of the Bill and noted that the carbon tax forms an integral part of the system for implementing government policy …
