Explained | What are carbon markets and how do they operate? 

Explained | What are carbon markets and how do they operate? 

The story so far: The Parliament passed the Energy Conservation (Amendment) Bill, 2022 on Monday, December 12, declining the Opposition’s demands to send it for scrutiny to a parliamentary committee and amid concerns expressed by members over carbon markets. The Bill amends the Energy Conservation Act, 2001, to empower the Government to establish carbon markets … Read more

Cold cash issues cause problems in global warming talks

photo

UN talks to curb global warming ran into last-minute problems Saturday because of cold hard cash. Negotiators in Glasgow, Scotland, held last-minute huddles and pored over fresh proposals for sealing a deal that they hoped could be credibly said to advance worldwide efforts to tackle global warming. But funding issues – specifically, compensation for climate … Read more