-The Indian Express   After days of discussion and disagreement at the UN Framework Convention on Climate Change in Durban, in a final spurt of energy, the conference of parties managed to make some tangible progress. The Durban meet was about laying the bedrock principles for future negotiations, rather than detailed plans of who will cut emissions and by how much. The 190 nations at the meet agreed to “develop a new...

French nuclear giant Areva, which is planning to sell India six masssive1650 MWe EPR nuclear reactors for the Jaitapur site in Maharashtra, is facing serious financial difficulties with net losses in 2011 placed at well over €1 billion. Areva's CEO, Luc Oursel, announced drastic job cutbacks and the sale of over €2 billion worth of assets, essentially in the company's uranium mines sector, to offset these losses. Trading in the company's...

-The Telegraph   The world’s nations negotiating for years on strategies to combat climate change have agreed for the first time to work towards a new pact that would force all big polluters, including emerging economies such as India and China, to curb their greenhouse gas emission. A UN climate change conference in Durban concluded this morning after negotiators from more than 190 countries agreed to consider a new document that would carry...

-The Telegraph   The main points agreed upon in the Durban talks: Kyoto protocol extension After the failure of Copenhagen in 2009 to come up with a new, internationally-binding deal and only incremental progress a year later in Cancun, a partial legal vacuum had loomed as drafting a new UN treaty is extremely time-consuming. Sunday’s deal extends Kyoto, whose first phase of emissions cuts run from 2008 to the end of 2012. The second commitment...

-The Indian Express   The government today claimed there has been an "impressive improvement" in the performance of the targeted public distribution system (TPDS), with leakage reduced to about 10-15 per cent on average now from 40 per cent earlier. "The leakage, on an average, is nearly 10-15 per cent," said Minister of State for Consumer Affairs and Public Distribution KV Thomas said in a reply during Question Hour in the Rajya Sabha. The...