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India submits its climate action plan, asks rich nations to cooperate in achieving its goal -Vishwa Mohan

-The Times of India BERLIN: India on Thursday submitted its 'climate action plan' to a UN body at Bonn in Germany, telling the world that the country would fight the climate change by taking energy efficiency route and reducing its 'emission intensity' (carbon emission per unit of GDP) substantially as well as increasing the share of clean energy by huge 40% in its total energy mix by the year 2030. The country,...

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India’s change of tack on climate issue -Pradeep S Mehta

-The Hindu Business Line A pull-back from the emission reduction commitments made in 2009 is likely. But we should have a sustainable plan With the submission deadline for the Intended Nationally Determined Contributions (INDC) for the Paris Climate Summit drawing near, the spotlight is once again on New Delhi. India, which is hosting a meeting of like-minded developing countries on this subject, is the last major player which is yet to announce...

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Towards a strategy for climate change talks -Montek S Ahluwalia

-Business Standard Nations below a level of per-capita GDP representing a peaking point could be allowed to expand total emissions The world's climate change negotiators will meet again in December in Paris. The good news is that all countries, including developing countries, have agreed to announce their "intended nationally determined contributions" (INDCs). The bad news is that they are nowhere near an agreement on action by individual countries that could limit global...

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Highlights of Economic Survey 2014-15

-Press Information Bureau/ Ministry of Finance Economic Outlook, Prospects and Policy Challenges Macroeconomic fundamentals in 2014-15 have dramatically improved. Highlights are: * Inflation has declined by over 6 percentage points since late 2013. * The current account deficit has declined from a peak of 6.7 percent of GDP (in Q3, 2012-13) to an estimated 1.0 percent in the coming fiscal year. * Foreign portfolio flows have stabilized the rupee, exerting downward pressure on long-term interest...

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Review of national targets must for climate action: Pachauri -Meena Menon

-The Hindu While India and other countries have been opposing a review of their national contributions to tackle climate change, chairperson of the Inter-governmental Panel on Climate Change (IPCC) Dr. R. K. Pachauri is firm that unless there is a process of review in place, the direction the world is taking to tackle climate change will not be clear. A periodic review of targets and achievements is a must, he...

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