Business Standard
Sunday, May 27, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
|||||Opinion|||| 
 Section Home | Editorials | Compass | BS People | Columnists | Lunch with BS
Home > Opinion & Analysis Live Markets | Commodities
 

Clouding the climate debate
New norms & issues make agreement more difficult
Business Standard / New Delhi Jul 15, 2009, 00:38 IST

The deliberations at different forums at L’Aquila in Italy last week have further confounded the vexed issue of combating climate change. Instead of paving the way for a final agreement on emission reductions in the post-Kyoto period, after 2012, the voices emanating from these forums have added new dimensions to the issue which were not under negotiation thus far. What was expected, and also urgently needed, at this stage was to narrow the span of the climate change talks to firming up the country-specific targets of emission reduction for the Annexure-1 countries (for whom these cuts are binding), so that the non-mandatory but desirable action on the part of other countries could also be considered. Instead, the resolutions adopted at the meeting of the G-8 and that of the Major Economies Forum (MEF) have diverted the focus to vague goals based on equally indistinct parameters.

While the G-8 resolution envisages the far-term aim of cutting greenhouse gas emissions by half by 2050, the MEF declaration dilutes the issue further by seeking to link emission reductions so as to cap the temperature rise to 2 degrees Celsius above pre-industrial levels. India is a signatory to this and is, thus, committed to contributing to achieve this goal. Though the G-8 also talked of the rich countries cutting emission levels by 80 per cent by 2050, that is too long-term a target to convince the developing countries of decisive and time-bound action, especially since the developed countries have resisted realistic interim targets. In any case, the G-20 goals are far less significant than they seem because it has been left to the individual nations to decide the base year.

What the US does has become significant. After choosing to walk out of the Kyoto process (under a different administration), it now intends to play an aggressive role, without putting its own cards on the table. Also, while it expects others to shoulder big responsibilities — even the developing countries are being asked to cut their emissions by 50 per cent by 2050 — it is, on its own part, unwilling to go beyond a 17 per cent reduction by 2020. On the long-range aim for 2050, too, while some European countries are suggesting 1990 as the base line, the US is pitching for the cuts to be counted against the current levels. That apart, the climate bill passed by the US House of Representatives early this month, seeks to impose trade penalties and tariffs after 2020 on imports from countries that do not have systems for pricing or limiting carbon dioxide emissions. This clause in the Bill, which has the backing of President Barrack Obama, is targeted against countries like India and China which have refused to take on binding targets. Though this measure, even if carried through in the US Senate as well, is unlikely to stand the scrutiny of the World Trade Organisation (WTO) as it is an extraneous trade barrier, it renders suspect the US role as a facilitator of a post-Kyoto agreement. These developments make clear how difficult it will be at the Copenhagen summit in December.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end flat
- Weak rupee may bring cheer to NRIs, expats
- LIC buys PSU stocks, sells pvt sector blue-chips in Q4
- Banks may lower deposit rates as inflation eases: Report
- RInfra sees 3-fold rise in infra revenue this fiscal
  Read Business news in 
- Journey on, We are by Your Side. Click here to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- A Brand New Server at a Price That Fits Your Budget. Click here
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
- Invest in Real Estate. Villas in Bangalore starting @ Rs.66 lacs
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- India to guarantee safe gas transit from Tapi
- Pak players likely to be part of IPL 2013
- Air India pilots wanted a halt to command training of IA pilots
- EGoM to now decide on base price for spectrum auction
- New power equation in BJP
 
 More  
Tax Shastra
  Now available at Special price
  Rs. 360/- Only

  Buy Now
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us