Page-3 of Climate change policy

William Nordhaus and Paul Romer awarded as 2018 Nobel Prize for Economics

US duo William D. Nordhaus and Paul M. Romer have won the 2018 Nobel Memorial Prize in Economic Sciences for research “about innovation, climate and economic growth”. Laureate Romer was honoured for his work on the endogenous growth theory, which ..

US to host 2018 Global Summit on Climate Action

The 2018 Global Summit on Climate Action will be held at San Francisco in California, United States from September 12 to 14, 2018. The summit is a platform that brings together several decision makers and officials, as well as people, ..

South Africa hosts 26th BASIC Ministerial Meeting on Climate Change

The 26th BASIC Ministerial Meeting of Environment Ministers was held in Durban, South Africa. India was represented by Union Environment Minister Dr. Harsh Vardhan. In it, Dr Vardhan reiterated his appeal to make joint efforts to create a societal movement ..

Transformative Carbon Asset Facility (TCAF)

In 2015, the World Bank had launched a $500 million Transformative Carbon Asset Facility (TCAF) to help developing countries pay for emission reductions and combat climate change. The Transformative Carbon Asset Facility (TCAF) will establish the world’s first programmatic carbon ..

Indian Resource Panel (INRP)

Government of India had established Indian Resource Panel (InRP) in 2015 as an advisory body under the Ministry of Environment, Forest and Climate Change (MoEFCC) – through the support of Indo-German bilateral cooperation. The key mandate of this panel is ..

Carbon Tax

The tax that is levied on the carbon content of fuels is called Carbon Tax. So, in Carbon Tax, the burning of fossil fuels viz. coal, petroleum products such as gasoline and aviation fuel, and natural gas is taxed in ..