To many, ecology clearances coming in quick succession first for the 12-million-tonne steel project, including a captive power complex and a minor port that the South Korean Posco is diligently pursuing for close to six years and then for SAIL’s three mining leases at Chiria in Jharkhand appear as history bending revolutions. This is because the ministry of environment and forests, led by environment zealot Jairam Ramesh was till the...

India’s microfinance institutions (MFIs), under pressure because of stricter rules in their largest market Andhra Pradesh and the consequent slump in repayments there, may get a boost from the Asian Development Bank (ADB). ADB is constituting a $250 million (around Rs1,135 crore) facility to offer guarantees against loans to MFIs extended by banks in the Asia-Pacific region where it operates, including India. The move is aimed at encouraging banks to lend...

The European Commission’s decision to exclude two key ozone-depleting gases from the purview of carbon trading from 2013 would have negative implications for global warming. The two industrial emissions marked for this purpose are Hydrofluorocarbon-23 (HFC-23), essentially trifluoromethane, and nitrous oxide. These are highly potent greenhouse gases (GHGs) that together account for the bulk of the trade under the EU’s emission trading system, which is, by far, the world’s largest...

Asia is leading afforestation activity in the world with a significant contribution from India which is adding 300,000 hectares of forest every year, a senior UN official said. "I would highlight India, which still has important population growth. The forests in India are growing at 300,000 hectare per annum," Eduardo Rojas Briales, Forestry Director of Food and Agriculture Organisation told journalists on Wednesday. According to the 'State of the World's Forests'...

Recognizing the role that forests play in everything from mitigating climate change to providing wood, medicines and livelihoods for people worldwide, the United Nations today kicked off a year-long celebration to raise awareness of the value of this important resource. “Forests for People” is the main theme of the International Year of Forests, which was launched at a ceremony at UN Headquarters in New York attended by world leaders, Nobel Laureate...