EU wants balancing package with adaptation, technology, finance, REDD plus and capacity-buildingAs the high-level segment of the U.N. climate change conference began here on Tuesday, the second period of commitment to the Kyoto Protocol (KP) has become a contentious issue. After Japan's statement on the opening day of the conference last week that it was not in favour of committing itself to a second phase, things had taken a downturn.The...
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Chief players at Cancun climate summit by Darryl Fears
Chief playersThe United States came to Cancun without its commanding influence as a world leader against global warming. It has failed to pass a climate change bill - again - making other countries more skeptical of President Obama's pledge to dramatically reduce the nation's carbon emissions 17 percent compared with 2005 levels. So the U.S. goal to increase transparency by persuading other nations to let outside reviewers measure their emissions...
More »Rural areas face challenges to eradicate extreme poverty by James Melik
Some 350 million people living in rural areas being lifted out of extreme poverty in the past decade, according to The Rural Poverty Report, published by the International Fund for Agricultural Development (IFAD), a United Nations (UN) agency. However, in spite of this, more than a billion people around the world still continue to suffer. The UN describes extreme poverty as living on less than $1.25 (80p) a day. But factors such as...
More »Anatomy of Indian capitalism by Himanshu
Ratan Tata has initiated an interesting debate on the nature of India’s capitalist class. His characterization of this class as crony capitalists may not be out of place given recent evidence on a politics, media, judiciary and corporate nexus.Crony capitalism is a system in which businesses multiply their wealth not by fair rules of the market, but through their nexus with governments. Classic examples are the distribution of legal permits,...
More »Emerging economies have the worst records of underage workers
The Child Labour Index and map, produced by global risks advisory firm Maplecroft, rates 68 countries as ‘extreme risk’ with Bangladesh, China, India, Nigeria and Pakistan amongst those with the most widespread abuses of child workers.According to the ILO, there are 215 million children working throughout the world, many full-time. Of these, 115 million are exposed to hazardous forms of child labour. The index evaluates 196 countries on the prevalence,...
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