Negotiators from China and Japan clashed over the Kyoto Protocol at the UN climate change meet here, highlighting the uncertain future of the only treaty that puts legally binding emission targets on industrialised nations. Noting that some countries do not "like" the Kyoto Protocol, deputy head of China's delegation, Huang Huikang said, "Now we are even more worried about the KP (Kyoto Protocol)...they even want to kill the KP." "There must be...
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India Deals Face a Reckoning by Geeta Anand
Jairam Ramesh, India's environment minister, will make a decision in the next week that could define the future of the country: whether to approve a $12 billion South Korean-owned steel plant, the largest potential foreign direct investment ever on the subcontinent. The plant, proposed by South Korea's Posco, has been in the works for years. It already has been cleared by the environment ministry, which Mr. Ramesh runs, and endorsed by...
More »Jairam Ramesh in Cancun with mandate to align with US
India’s main challenge at the Cancun climate summit is to try and bring the US — the world’s second largest carbon emitter — on board with the emerging economies in tackling climate change. And to do this, it is willing to open itself up to international verification of its domestic mitigation measures. Before leaving for Mexico, environment minister Jairam Ramesh told HT his mandate was to “play a bridge” between the...
More »2010 on track to being one of three warmest years on record, UN reports
The year 2010 is almost certain to rank among the three warmest years since the beginning of instrumental climate records in 1850, with the possibility of topping the chart, the United Nations World Meteorological Organization (WMO) reported today. The global combined sea surface and land surface air temperature for January–October is estimated at 0.55 degrees Celsius, plus or minus 0.11 degrees, (0.99 degrees Fahrenheit, plus or minus 0.20 degrees) above the...
More »India Stocks Sink on Telecommunications Scandal by Heather Timmons
A widening corruption scandal that has touched India’s prime minister sent the country’s stock markets down sharply on Friday and threatened to tarnish the country’s image as a rising economic power. Setting off the turmoil was a report from the country’s auditor earlier this week that about $40 billion in wireless spectrum license fees had been squandered by the government’s telecommunications and information technology minister. On Thursday, India’s Supreme Court criticized...
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