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India’s reliance on imported energy threatens long-term recovery

Crisis over? The sharp recovery of the Indian rupee over the past week and the return of foreign investors to the stock market suggest that fears of an Indian balance of payments crisis were overblown. Yet India’s biggest underlying financial problem, according to business leaders and economists, is not the imminent change in US monetary policy that triggered an investor exodus from India and other emerging markets last month. Rather, it is India’s own heavy and growing dependence on imported energy.

‘Clean Energy’ Is Cooling The Economy And Damaging The Environment

Many people take this advice to heart, especially when it comes to environmental regulations. Policymakers have eagerly supported pre emptive green measures like clean energy subsidies without first waiting for scientific verification or considering their broader economic costs. After all, who wants to be “sorry” when it comes to environmental degradation? “No one” is the easy answer, especially when someone else is picking up the bill.

Vers une élimination des supergaz à effet de serre HFC

La coalition contre les super-gaz à effet de serre s’élargit. Après l’accord bilatéral intervenu entre les Etats-Unis et la Chine en juin, les pays du G20 se sont quittés, vendredi 6 septembre à Saint-Pétersbourg, en affichant leur volonté de s’attaqueraux gaz à courte durée de vie et plus précisément aux HFC (hydrofluorocarbones). Ces substances, aux pouvoirs de réchauffement plusieurs centaines de fois supérieurs au dioxyde de carbone, le principal gaz à effet de serre, sont utilisées dans les systèmes de réfrigération et de climatisation.

U.K. Shale Revenues Should Go to Low Carbon Future, Davey Says

The U.K. should set up a fund using tax revenues from shale gas production to help it meet environmental goals, Energy Secretary Ed Davey said. “I want us to be a country that invests for the future, a low-carbon future using shale gas revenues,” he said today at a conference in London. His Liberal Democrat party will discuss a low-carbon transition fund established from tax revenues from any future shale gas production at its conference this month, he said.

The economy: green shoots for whom?

Conference season is only just beginning but already the terms of political trade are set. Starting with George Osborne’s speech on Monday, the coalition parties will hail a gathering economic recovery, naturally claim it is a result of their policies and bash the opposition for, well, opposing them. Going by recent form, Labour will snap back about “three wasted years” and how Britons’ living standards are still caught in a vice between negligible pay rises and stubborn inflation. And so the positions are staked out for the next few months: David Cameron claiming to have coaxed out the green shoots – despite the euro crisis and wobbly emerging markets – and Ed Miliband asking voters the question once used to devastating effect by Ronald Reagan: “Are you better off now than you were four years ago?”

The dangerous effects of global warming

DID GLOBAL warming contribute to the punishing heat wave much of the country endured during the summer of 2012? How about Superstorm Sandy? A group of 78 scientists led by experts from the National Oceanic and Atmospheric Administration (NOAA) last week gave their preliminary answers, releasing a series of peer-reviewed analyses on those and other major weather events from last year. The picture they offer is of a planet in which warming has boosted the chances, in some cases significantly, that certain unwelcome weather or weather-related disasters will occur.