—PTI   The Environment Ministers of BASIC countries — Brazil, South Africa, India and China — will frame a common position ahead of the crucial Durban climate conference due next month on several issues including the second commitment period of Kyoto protocol. Environment Minister Jayanthi Natarajan will visit Beijing on Monday to attend the ninth meeting of BASIC countries. It is mainly for preparing the negotiations for the United Nations Framework Convention on...

The contentious issue of finance will be among the key items that will take centrestage at the UN-sponsored climate talks in Durban. Predictable and continuous funding to undertake steps to tackle climate change lies at the core of a balanced global deal. At the pre-conference meeting, South Africa said that the Durban meet should go beyond operationalising the Green Climate Fund agreed on at the Cancun meet. Pretoria indicated that...

The year 2010 endured 950 natural disasters, 90 percent of which were weather-related and cost the global community well over 130 billion dollars. From wildfires in Brazil to record rainfall in the United States to the severe drought and famine in the Horn of Africa, it has become clear to many that quick and radical decisions need to be made about the world's future.  One of the biggest advocates of this position...

-The Business Standard   India made it clear today that it wanted extension of the current Kyoto Protocol on emission cuts, but said it would not accept any further legally binding emission framework. “Before we decide on a new legally binding framework,” said environment minister Jayanthi Natarajan, “it is important to ensure that the existing framework does not crumble. There is at present a legally binding framework (Kyoto Protocol). We want it to...

Dr. Tishyarakshit Chatterjee, Secretary, Ministry of Environment & Forests (MoEF), recently underlined the need to design carbon markets to address the short-term needs of investors in manufacturing, save fossil fuels for the future and meet the compulsions of environmental probity, sustainability, entrepreneurship and innovation over a long period. Addressing the India Carbon Market Conclave 2011, organized jointly by FICCI and the MoEF, in partnership with The World Bank and the International...