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Climate funding may need taxes on flight tickets and forex deals, says U.N. report

Taxes on international flights, shipping and financial transactions, as well as a global carbon price of $20 to $25 may be key to annually mobilising $100 billion in climate funding by 2020, according to the United Nations high-level advisory group on climate change financing, which submitted its report in New York on Friday. At the U.N. climate summit held in Copenhagen last year, developed countries committed to a goal of jointly...

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Microfinance under severe stress by CRL Narasimhan

The accusation of ‘coercive' practices to recover the loans has been laid at the doors of some leading players Micro Finance institutions (MFIs) that are for profits are in the news for the wrong reasons. The ‘for profit' MFIs have grown spectacularly in recent times. But along with the large profits have come allegations of sharp practices. In Andhra Pradesh, where such MFIs have a sizable presence, the climate has now drastically...

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Climate change challenge for rich and poor by Andrew Hewett

With business leaders and the Australian Government finally acknowledging the need to put a price on carbon, climate change is back on the agenda here in Australia and it's also on the agenda this week internationally. Representatives from countries around the world, including Australia, are assembling in Tianjin, China, as part of a crucially important United Nations Climate Change Conference that starts today. After last year's Copenhagen talks nearly collapsed, the...

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A million tribals have got land rights: Tribal Affairs Minister by Anjali Ojha

Nearly a million tribals have been given land rights under the forest rights act and they will be made stakeholders in development projects, says Tribal Affairs Minister Kantilal Bhuria, as this largely neglected section of Indian society comes to the fore of government policy. “We have received over 28 lakh (2.8 million) representations for land rights, of which 10 lakh claimants have been given land rights,” Bhuria, 60, who is himself...

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Can we achieve 4% farm growth? by T Nanda Kumar

The prime minister, in his Independence Day address said: “I am happy that the growth rate of our agriculture has increased substantially in the last few years. But we are still far from achieving our goal. We need to work harder so that we can increase the agricultural growth rate to 4% per annum” . Is it possible? If so how? The production shortage of wheat in India in 2006...

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