The global cost of disasters is growing: The economic burden of disasters is intensifying. While the direct costs of disasters averaged $70–80 billion a year between 1970 and 2000, between 2001 and 2020 these annual costs grew significantly to $180–200 billion. But the real cost is far higher. Disaster costs …
Trade clean air for green-house gases. What do you get? Pollution? Not necessarily. Money? Almost certainly. Under the 1997 Kyoto Protocol, most developed countries agreed to reduce greenhouse gas emissions by an average 5.20 per cent between 2008 and 2012. The European Union, which is one of its signatories, is …
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, …
Extreme caution needs to be taken while mulling of linking different carbon markets Ever since the green shoots of carbon markets sprung up in countries outside the European Union (EU), economists all over the world are sharpening their modelling and forecasting tools to once again create a new chaos – …
