The recently concluded BIMSTEC summit is now a regional intergovernmental organization with a formal charter, giving it a clear mission and legality and a destiny linked to South and South East Asia. It is now better equipped to accelerate economic development for the fifth of the world’s population, which contributes only 4% of global GDP.
Making the climate change transition involves an unprecedented reallocation of capital – and the task is to build the financial architecture that can deliver these flows within deadline. COP-22 has to raise more, cheaper and better quality finance for climate action.
A recent report highlights the drastic damage being caused to the environment by human activity and underlines the need to address this. A warning that environmental groups advising the new government in India must pay heed to.
While carbon capture fitted coal plants are opening all over the world, the global demand for cheap energy is climbing. The initial investment for carbon capture technologies, though, is high, and green technologies are struggling to have an impact on pollution levels.
Gateway House’s Shloka Nath examines the causes of disagreements between India and Bangladesh, and makes recommendations to resolve them – which can lead to an intelligent management and protection of the Sunderbans.