Road Ahead - On Us

FACT-SHEET Energy, emission data of selected countries Energy intensity  of PPP income (1) CO2 emission to  energy consumption (2) CO2 emission to  PPP income (3) 2005 2007 2005 2007 2005 2007 Australia 0.20 0.19 3.09 3.19 0.61 0.59 Brazil 0.15 0.15 1.57 1.47 0.24 0.22 China 0.22 0.20 2.95 3.08 0.65 0.61 Denmark 0.12 0.11 2.42 2.57 0.29 ...

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Carbon Trading Market

Jairam Ramesh, the environment and forests minister of the Indian Government has said that the Indian government has approved the sale of Certified Emission Reduction certificates of more than 1,400 projects that could attract around Rs.28000,00,00,000/- (Rs.Twenty Eight Thousand Crore Only) as part of the clean development mechanism into the country by 2012. The National CDM Authority functioning in India has accorded the Host Country Approval to 1,455 projects. These projects need to get registered at the CDM executive board.  These projects have seen an investment of more than $33.7 billion(Rs 1.6 lakh crore). The developers...

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Trading of Carbon Credits

Carbon dioxides concentration in the Earth's atmosphere has been rising alarmingly.  It is produced by combustion of fuels.  This is one of the most important greenhouse gas.Carbon dioxide now has taken a new turn.  It is  helping  people, countries, consultants, traders, corporations to earn billions of rupees.  The profits earned by this product was not there some ten years before.Carbon credits are traded internationally according to their emission  norms. Countries emitting less carbon are given incentives.   Businesses can exchange, buy or sell carbon credits in international markets at the prevailing market price.While Europe is going to be the biggest buyers of carbon credits India and China are rising to be the biggest sellers.Global carbon...

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World And Economy

United Nations Secretary General Ban Ki-moon says that there are one billion hungry people on the globe. And as if he is very much concerned about this. I have watched him close and found that he is least perturbed in any way when people suffer due to the governments inactions or actions. This is actually a shocking and shameful revelation. The recession in economy also has led to a dramatic rise in hunger across the world. Ban has warned that the food crisis that is showing its head is a wake-up call for everyone since tomorrow by 2050 the planet's population will touch 9.1 billion people, it is over two billion more than today. "This day, more than 17,000 children will die of hunger. One every five seconds! The world has more than enough food. Yet, today, more than one billion...

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