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Environment Economics

Is tackling climate change economically viable?

Author(s): Kirtiman Awasthi
Issue Date: Jun 15, 2007
Conventional thinking has it that combating climate change will be a drain on the global economy. But Barclays Capital, a leading investment bank in the us, has recently said that combating climate change could actually boost the world economy and climate change mitigation activities are likely to dominate financial markets. The us has always held that global warming will have devastating impact on economic growth.

Australian farmers oppose carbon tax to check GHG emissions

Issue Date: May 15, 2007
Australian farmers have opposed a carbon tax to curb greenhouse gas emissions and announced their support to prime minister John Howard's national emissions trading scheme.

Awareness about corporate social responsibility issues must increase

Issue Date: Apr 15, 2007
Corporate social responsibility (csr) is a theme that engages business, academics, social and environmental activism, politics and media. It has gained increased prominence of late, driven, by a globalising economy, the spread of it, and increasing awareness and social and environmental inequities. The debate is especially relevant in countries like India with high growth but weak regulation.

India must combat climate change

Author(s): CHANDRA VIKASH
Issue Date: Apr 15, 2007
How do we develop economically without degrading our environment? It is necessary to address this question because a large part of environmental losses is not factored into calculations of the Indian government and opinion-makers who shape policies. These costs are growing fast, especially in terms of quality of life. Unmitigated air, water and land pollution are already poisoning us.

Revisiting economics of congestion

Issue Date: Feb 28, 2007
In our December 31, 2006 issue we raised some questions in the editorial, 'Economics of congestion'. Readers responded. Here is a cross section of views Theory-practice hiatus Shreekant Gupta, director National Institute of Urban Affairs New Delhi

Use the loo before boarding Chinese Southern Airlines

Issue Date: Dec 31, 2006
A Chinese airline is encouraging passengers to use toilets before boarding flights. The effort is to cut down on non-essential fuel use during flights.

Climate change now a corporate issue

Issue Date: Nov 30, 2006
Climate Change China Nattily-dressed business executives made their way through crowded corridors of one of Beijing's top hotels looking for deals, while outside black market tickets for the conference changed hands for 10,000 yuan (us $1,268). They were at the first Carbon Expo Asia, looking for deals that could help ward off climate change.

Just talk, no promises at Asia-Europe meet

Author(s): Ritu Gupta
Issue Date: Oct 15, 2006
leaders from 25 European and 13 Asian nations have adopted a declaration to fight global warming, among other things, at the sixth Asia-Europe Meeting Summit held at Helsinki on September 10-11, 2006. The summit is one of a series of meets held every two years since 1996. The leaders undertook to do their best to fight global warming, but sidestepped any decision on emissions targets beyond the 2008-2012 period, at present covered by the United Nations Kyoto Protocol. Environmentalists, however, see this declaration as nothing but regular rhetoric.

IN SHORT

Issue Date: Oct 15, 2006
green gdp: According to the China Green National Accounting Study Report 2004, the country suffered economic losses to the tune of US $64 billion -- about 3.05 per cent of its GDP -- that year. By deducting the environmental cost from total GDP, the study came up with a Green National Accounting or Green GDP. However the 3 per cent figure is still lower than a previous estimate, which put environmental costs at roughly 10 per cent of GDP.

California approves emissions cut, sidelines Bush

Issue Date: Sep 30, 2006
California's state legislature has approved a bill to cut greenhouse gas emissions by sidestepping the Bush administration, which is still opposing tough greenhouse gas controls. The Global Warming Solutions Act, ab 32, expects to cut greenhouse gas emissions by about 25 per cent by 2020. In a statement, California governor Arnold Schwarzenegger said that the state has reached a historic agreement on legislation to combat global warming. The legislators have agreed on a flexible programme that can be altered if it begins to hurt the state economically.
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