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Shravya Reddy’s Blog

India Climate Change and Energy News - Week of June 28, 2010 to July 5, 2010

Shravya Reddy

Posted July 9, 2010

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Climate Change 

MRV and Equity Critical Issues in Climate Change Discussion 

“Shri Jairam Ramesh, Minister of State for Environment and Forests said the MRV on finance assumes urgent importance in Climate Change negotiations. Making a statement at the 7th Major Economies Forum on Energy and Climate in Rome, Italy today, he reiterated the main points he made earlier on operationalizing on Para 4 and 5 of the Copenhagen Accord relating to MRV (Measurement, Reporting and Verification).”

(Stock Markets Review; 6/30/2010) 

India offers equity principle meet in run up to Cancun 

“In the run up to the Cancun summit on climate change in December, India has offered to hold an international conference to deliberate the issue of principle of cumulative per capita emissions being embedded in the draft of the long-term deal. “India would be delighted to host a meeting before Cancun (in Mexico) to enable this discussion to arrive at an operational set of formulae on equity based primarily on cumulative per capita emissions,” Environment Minister Jairam Ramesh said at the recently concluded seventh meeting of Major Economic Forum in Rome.”

(The Hindu; 7/4/2010)

North-Eastern States urged to assess impacts of climate change 

“The Chairman of the Inter-Governmental Panel on Climate Change (IPCC) Dr. R.K. Pachauri on Monday urged the North-Eastern states to carry out climate modeling studies to assess the impacts of climate change. Speaking at the inaugural session of a two-day regional consultation on Combating Climate Change in the North-Eastern and Lower Himalayan Regions of India, Dr. Pachauri cautioned that the region is vulnerable to climate change and it is important, therefore, to assess its impacts. The study is critical to the region as a large part of the benefits that accrue to society evolved from the eco-systems, he added.”

(The Hindu; 7/5/2010)


Government rules out rolling back fuel price hike 

“The government on Sunday ruled out rolling back increase in fuel prices, even as Opposition NDA called for an all-India bandh on Monday to protest the price hike and rising inflation. "No question of roll-back," finance minister Pranab Mukherjee told reporters on the sidelines of an Assocham function here, when asked whether the government could review its June 25 decision of raising prices of petroleum products.”

 (Times of India; 7/4/2010)

India: oil price deregulation to have far-reaching effects 

With the government's decision to begin deregulating the petrol and diesel markets, the Indian energy retail sector is likely to go through major pricing reforms. However, the country's past track record of excessive political interference in oil product pricing policies suggests that the change into a liberalized retail environment may not be straightforward.”

(Trading Markets; 7/5/2010)

New push for solar-energy projects in Asia 

“The Asian Development Bank is leading the establishment of a nonprofit organization to promote the large-scale development of solar energy in Asia, a senior ADB official said this week. The move closely follows the ADB's announcement at its annual general meeting in Tashkent, Uzbekistan, in May of a $9 billion Asian Solar Energy Initiative to develop around 3 gigawatts of solar power in the Asia-Pacific region over the next three years…….A pilot project is also in the pipeline in India. The project is in the form of a solar park, part of an industrial park, with a capacity of 2 GW to be developed with the financial assistance of the ADB in India's northwestern Indian state of Rajasthan.”

(MarketWatch 7/2/2010)

Wind energy producers for grid expansion to evacuate power 

“Wind power producers want the government to utilise the National Clean Energy Fund towards expansion of the existing power-grid in the country. While having an estimated production target of 4,000-5,000 MW in wind power sector by 2015, the producers feel a strong need to expand grid for evacuating the power generated.”

(Hindustan Times; 7/2/2010)

U.S. Export-Import Bank Reconsiders India Coal Financing Deal

“The U.S. Export-Import Bank will reconsider its rejection of a loan guarantee for Bucyrus International Inc. so it can sell coal-mining equipment for a power project being developed by India’s Reliance Power Ltd. The bank acted after Democratic lawmakers in Wisconsin, where Bucyrus is based, appealed the rejection last week of $560 million in financing on environmental grounds. Reliance told the bank it may buy U.S. equipment for a renewable energy project, bank Chairman Fred Hochberg said in a letter. The bank “will take into account Reliance’s expressed commitment to invest in the renewable energy sector” in its review, Hochberg wrote to Reliance chairman Anil Ambani.”

(Bloomberg Business Week; 7/1/2010)


Environmental Protection, Compliance and Enforcement

Green objection puts new airport on back burner 

“Rs 10,000-crore Navi Mumbai airport project had been put on the back burner following fresh objections raised by the ministry of environment and forests, said a senior civil aviation official……With the environment ministry asking Cidco, the executing agency, to secure an NOC from the coastal zone management authority, as part of the airport would fall in the Coastal Regulation Zone (CRZ), the project will be delayed.”

(Times of India; 7/4/2010)

Vedanta faces bauxite mining setback in India 

Indian global diversified miner Vedanta Resources Plc's bauxite mining project in the Indian state of Orissa has come under fire, yet again. Plans by the London-listed firm to mine bauxite in Niyamgiri to feed its alumina refinery in Lanjigarh area of eastern Orissa's Kalahandi district could be irrevocably delayed, given the strong stance of the Indian government's Union Ministry of Environment and Forests. The ministry has set up a new committee to investigate the alleged violation of forest rights of tribal people living there, as well as the impact on wildlife. Moreover, with the Indian government set to contemplate a new law for mines, which will ensure that local people get to share in the mining profits, Vedanta's mining project could get further delayed.”

(Mine Web; 7/2/2010)

Green is the new mantra of job creators 

“In India, 10-11 million additional people enter the job market every year. Creating ‘green jobs' is a potential way of meeting the employment demand, feels the Minister of State for Labour and Employment, Mr. Harish Rawat. This suggestion came up at a conference on green jobs organised last week in Delhi by the Labour Ministry, along with the International Labour Organisation (ILO). Green Jobs refers to the millions of jobs anticipated to be created as nations and enterprises try and transform into sustainable, low-carbon economies.”

(The Hindu BusinessLine; 7/5/2010)

U.S.-India Cooperation

Chairman Gunjan Sinha appointed to the U.S.-India Endowment Board

“In a historic U.S.-India Joint Commission Meeting (JCM) on Science and Technology Cooperation, Gunjan Sinha, SiliconIndia Chairman and the Executive Chairman of Metricstream represented the Board of U.S - India Endowment for Science and Technology. Sinha's appointment to the U.S. Endowment Board, comes in the wake of the need for an overall focus on science and technology policy between the two countries. President Obama has made clear that one of his top priorities is enhancing U.S. cooperation with its global partners, especially on science and technology. The board will ensure and enhance Science and Technology cooperation between the two largest democracies in the world.”

(Silicon India; 6/28/2010)


(Prepared by Andy Zhang, Summer Intern 2010)

Note: The links and article summaries in this post are provided for informational purposes only and do not necessarily reflect the views or positions of the India Initiative or of the Natural Resources Defense Council. 

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