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Walk the talk on carbon tax, Mr Finance Minister

Budget 2015, presented by Finance Minister Arun Jaitley, has a first. In it, India has accepted that it has a de-facto carbon tax—on petroleum products and dirty coal. Arguably, the only big green initiative of this budget is the increase of cess on coal—from Rs 100 per tonne to Rs 200 per tonne. But the question is: is this carbon tax, imposed on the carbon content of fuel, doing what it should—reduce greenhouse gas emissions that are responsible for climate change?

How power can be cleaned

Coal is an environmentalist’s bugbear. The use of coal to generate energy is the key reason the world is looking at a catastrophic future because of climate change. Recognising this, global civil society has given a rousing call for coal divestment, asking companies, universities and individuals to stop investment in coal thermal power plants. They want coal to go, renewables to be in. And in the interim, clean gas, also a fossil fuel, to be used as a “bridge fuel”. In this scenario any talk of “cleaning” coal to make it less damaging is untenable.

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Green buildings: it's common sense

Frenzied growth in real estate and changing lifestyle in Indian cities are inciting resource guzzling. Architects have innovative ideas to build green homes

Factsheet: Will the developed world meet their Kyoto Protocol target?

A report by the Netherlands Environmental Assessment Agency says the developed world will meet their Kyoto Protocol target and blames India and China for the increase in global CO2 emissions in 2010. But that is not true. Read the analysis  that brings out the bias in the report Read more  

Factsheet: Will the Kyoto Protocol survive?

Countries are likely to debate on the fate of the Kyoto Protocol in the forthcoming Conference of Parties at Durban. How likely is a deal? Read more to find out what are the other issues on the table at Durban Read more

Factsheet: The emissions imbalance

In 2007, the US had less than 5 per cent of the global population, but it accounted for 20 per cent of global CO2 emissions. India, with almost 17 per cent of global population, accounted for less than 5 per cent of the emissions.  More on who is emitting and how much. Read more

New proposal by LDCs

Durban, December 2: As the UN climate change talks enter the 5th day in Durban, tempo in the negotiation rooms is gradually picking up.  While about 50 odd items are being discussed and the chairs of the different groups are trying to piece in the negotiating texts by Saturday, before the high level ministerial segment begins, the Least Developed Countries (LDCs) have proposed a middle-of-the-road solution to keep the climate change talks active. A draft proposal the LDCs submitted advocates a set of parallel treaties that will not only take into account emissions reduction targets for the Annex 1 parties but also for non-Kyoto parties like the United States and emerging economies like China and India.

Count the natural debt, too

Now that Europe’s debt crisis is unfolding all around us, shouldn’t we question why the world is determined to live beyond its means and not worry how it sabotages our common future? The debt crisis is a mere symptom of a deeper malaise. The fact is that countries, private companies and individual households can run only if they can borrow against their assets and hope that the debt will grow slower than the value of their asset. Most financial analysts will now tell you that this business is doomed because of the Ponzi scheme nature of the loan business, where borrowing is used to speculate to get more loans and so repayment becomes difficult and over time impossible.