The outcome of the historic climate change negotiations in Copenhagen hinges on the issues of emissions reductions and financing, Secretary-General Ban Ki-moon said today as he urged world leaders to use the final days of the talks to strike an ambitious new agreement. The Nobel Peace Prize-winning Intergovernmental Panel on Climate Change (IPCC) has found that to stave off the worst effects of climate change, industrialized countries must slash greenhouse...

After dedicating most of 2009 to jump-starting financial markets through stimulus packages, developed countries are now turning their attention to reforming the basic architecture of those markets, especially the incentives for risk-taking. In a major step towards regulating systemic risks, the United Kingdom last week announced a one-off 50 per cent “super-tax” on bankers’ discretionary bonuses exceeding £25,000. The move could raise £550 milli on, which would be used to...

The near total political paralysis of one of India's largest states, Andhra Pradesh, over its proposed carve-up, raises fresh questions about how the world's largest democracy will handle questions of identity and territory in this young century. Telangana, the new state proposed, is not a fresh demand, but even as it seems closer than ever to materialising, it opens a Pandora's box in a vast country of over a billion...

European scientists cast doubt on whether oil alternatives can ever be sustainably produced in significant quantities.  Scientists at the European Commission have cast doubt on whether biofuels could ever be produced sustainably in significant quantities, dealing a blow to the aviation industry, which sees such fuel as a key way to reduce its emissions. The researchers argue that the greenhouse gases emitted in making biofuel may well negate most of...

With inter-state relations getting increasingly focused on integration, the impetus for summits and meetings has been on the increase. However, there is also the resounding feeling that these are becoming more rhetorical than real. Almost every month we hear of a summit or a meeting of states, but the actual progress towards resolution of issues and problems in inter-state relations has been less effective and focused. This was clearly evident...