The silence at Cancun on the future of the Kyoto Protocol has cast a cloud of uncertainty over the emission trading business (carbon credits) in India.Experts are interpreting the situation in different ways, with the overall view being that the emission trading business has to stay in one form or the other, if carbon emissions are to be reduced. However, for now, the $2 billion per year market for Indian...
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India needs to spend more on healthcare: Robert Yates by Aarti Dhar
Appreciating the country's commitment towards universalising health coverage for the people, health economist Robert Yates has said the country needs to increase its public spending on health either by health insurance schemes or taxation.“The entire exercise of constituting a high-level expert group on universal health coverage that India has undertaken has been done at an appropriate time when the economy is growing and the country is getting wealthier as a...
More »India-EU generic drug row 'resolved' at Brussels summit
A row between the EU and India over the transit of generic drugs through Europe has been resolved, negotiators told Reuters news agency.As a result of the deal at an India-EU summit in Brussels, an Indian complaint to the World Trade Organization will be suspended, India's trade minister said.But some fear the free trade agreement (FTA) at the core of the summit will hurt generic drug production.The FTA, one of...
More »No commitments in Cancun Agreement, India's interests 'protected'
The UN climate summit reached the Cancun Agreement here early Saturday - but there was no mention of the extent to which industrialised countries would commit to reduce greenhouse gas (GHG) emissions after 2012, when the Kyoto Protocol's commitment period ends.Nor was there any agreement on a second commitment period of the protocol, only a decision to keep talking about it. The Kyoto Protocol is currently the only legally binding...
More »Jairam calls for legally binding commitments by Meena Menon
India's position is seen as a move to boost image, but it has little support from allies.India's attempt to be part of a climate change solution was reflected in a major departure from stated policy on Wednesday, when Minister for Environment Jairam Ramesh said all countries must take on binding commitments in an appropriate legal form. He was speaking at the plenary of the high level segment of the United...
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