UN’s CDM panel which decides on the eligibility of projects under this scheme has come under criticism for being too lenient in approving projects.It has been said that these projects sometimes lead to more emissions defeating the very purpose of this scheme.The Panel has become more discerning and has rejected around 50 Wind Projects in China because they were thought to be profitable even without these credits.
Only communities adjacent to the rivers can use this water.An Environmental Group has also accused the state EPA of colluding with these corporate interests.This may lead to huge lawsuits against these companies and force the Boom to a halt.Shale Gas is supposed to be the new energy panacea as the deposits can meet US energy needs for 20 years.However like other fossil fuels it will deplete leaving behind a legacy of ecological degradation and destruction.
Poor Island Nations like Maldives are most vulnerable to Climate Change with their very existence at stake as rising sea levels threaten to sink them completely in the 21st century itself.The complete lack of progress on climate change and global warming has left these nations in a precarious state.The Alliance of Small Island Nations which [...]
Honda is betting more on the success of Hybrid Vehicles than on Electric Vehicles.It seems that the Japanese auto giant thinks that Hybrid Vehicles will get more traction in the market and is set to manufacture and sell upto 5 hybrid vehicles in the USA by 2013 .While it is also developing an Electric Vehicle,it [...]
China surpassed the USA as the largest emitter of Greenhouse Gases (GHG) in 2006 when it produced 6.2 billion tons of CO2 overtaking the USA at 5.8 billion tons.It has only increased the gap with the USA in the intervening 4 years as the Chinese economy has grown roughly at a 10% average.Now International Energy [...]
Now it has become easier to invest in this metal with the launch of an ETF dedicated to Lithium alone.This ETF which is being launched by Global X Management with tracks stocks of electric vehicle producers and battery makers.I am not a fan of the Lithium Battery makers or Electric Vehicle producers