The United Nations agency entrusted with accelerating sustainable industrial development in poorer states today pledged to help the world’s 49 least developed countries (LDCs), 33 of them in Africa, to withstand global financial crisis. “The global financial crisis is moving many LDCs into troubled waters with heightened risk to exports, investment, credit, banking systems, budgets, the balance of payments, and remittances, and, the most vulnerable are those countries which depend...

Funds release after Kasturirangan Committee submits report Greenpeace hails India’s proposal to cut carbon intensity The Planning Commission has promised a substantial hike in funds allocation to study climate change impact and the funds will be made available after the Kasturirangan Committee submits a report. This was stated by Member (Energy), Planning Commission, B.K. Chaturvedi, while inaugurating “Power Conference 2009,” organised by Assocham here on Friday. Only on Thursday, Minister of State (independent...

It has been a bumpy ride, with developed countries failing to make definite commitments and India hinting at a shift of stance. THE last leg of the climate change talks held in Barcelona, Spain, on November 2-6 in the run-up to the all-important 15th Conference of the Parties (COP-15) to the United Nations Framework Convention on Climate Change (UNFCCC) in Copenhagen in December did not result in any dramatic development...

This has been a hot week for climate talks. The two laggards, China and the US, both departed from their no commitment stand to boldly announce the following: the US to reduce its carbon emissions by 17 per cent over 2005 levels, and China to reduce the intensity (CO2 emissions per unit of output) by 40-45 percent. Europe has already promised a 40 per cent cut in per capita terms....

India should insist that developed nations take the lead with substantial emission reductions, in line with the IPCC recommendations. Any non-binding agreement committing all nations without distinction should be rejected.  It is a measure of the current state of global climate negotiations that the only point on which all nations are likely to agree is that the prospects of an agreement at Copenhagen are far from bright. The moral and...