The mechanism, called ‘carbon contracts for difference’, aims to shift energy source used in energy-intensive industries from fossil sources to renewables and hydrogen.
Council on Energy, Environment and Water's policy brief follows last year's Energy (Conservation) Amendment Bill, which paved way for establishment of domestic carbon market in India.
Climate TRACE found that last year the actual emissions from global oil and gas productions were around double that which had been self-reported to the UN.
The economist also spoke of need for a carbon tax at seminar organised by Centre for Social and Economic Progress. BJP ex-general secretary Ram Madhav was in attendance.
Scientists who authored the paper claim IPCC projections give rich nations higher energy consumption, cutting down share of developing ones, potentially affecting development.
Indore is issuing municipal bonds to the public to raise Rs 250 cr for the project. The civic body will also earn revenue by selling carbon credits, says Indore Smart City CEO.
The conference record of the past 50 years inclines one towards environment pessimism. But without the pressure of such events to set targets, even less would happen.
China and India’s approach to international cooperation may appear to be different in multiple spheres, but when it comes to climate change, there are many areas of convergence.
The IndiGo crisis is nothing short of a threat to India’s stability. Could it be an experiment? Can this happen in any other crucial sector like power or railways?
November exports to the US saw 10% growth from the previous month. Overall, in the first 8 months this fiscal, the merchandise exports to the US touched has touched $59bn.
It is argued that India-Israel ties are moving from buyer–seller dynamic to one focused on joint development & manufacturing partnership, a shift 'more durable' than traditional arms sales.
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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