A financial crisis in Dubai will hurt remittances to India and reduce job opportunities for citizens of the South Asian nation, said Thomas Issac, finance minister of the southern state of Kerala. About 4.5 million Indians live and work in the Gulf region and remit more than $10 billion annually, according to the Ministry of External Affairs annual report for the year ended March 31, 2009. Remittances from the Middle...
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New UN energy report says 1.5 billion people worldwide live in darkness
With the United Nations climate change summit in Copenhagen just 13 days away, the UN Development Programme (UNDP) has highlighted the need to ensure that the energy needs of developing countries are central to any new climate agreement, after a new report found that almost a quarter of the world’s 6 billion people live without electricity. The majority of the 1.5 billion people who live in the dark are in the...
More »Beating Retreat by Darryl D’Monte
It does seem that Environment Minister Jairam Ramesh chose an inopportune time — the eve of the crucial UN climate negotiations — to endorse the findings by a retired scientist that Himalayan glaciers have not been ‘retreating’ any faster than they have been for the past century. The study by V.K. Raina, a former Deputy Director General of the Geological Survey of India, has apparently not been peer-reviewed. No less...
More »If words were food, nobody would go hungry
“THE world’s attention is back on your cause.” That was Bill Gates talking to agricultural scientists gathered recently to honour the late Norman Borlaug, father of the Green Revolution. The tycoon-turned-philanthropist was right. This week, the world—in the guise of 60-odd heads of state including the pope—held the first United Nations food summit since 2002. As the world’s attention turns from the receding financial crisis, it is switching to one...
More »Climate deal dithering threatens Green tech investment by Damian Carrington
Without urgent progress which will stimulate funding for renewables, nations could be locked into high-carbon energy and transport technologies for decades, inflating another unsustainable economic bubble, say experts. Achim Steiner, the head of the U.N. environment programme, said: “Far more worrying [than formally ratifying a treaty] is that every month we delay we send a ambiguous signal into the world economy, the markets, investors and R&D.” The markets had not...
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