2007 will be remembered as the year of climate change and high oil prices. Starting with the first of the four reports of the Inter-Governmental Panel on Climate Change (IPCC), the debate culminated in the award of the Nobel Peace Prize to Al Gore and the IPCC. Even the ill-fated Bali conference which failed to provide concrete direction to the future of international environmental policy reinforced the need for swift global action to curb carbon emissions.
With 14.1 per cent growth (2007) in the manufacturing sector, 14 per cent (2006) in the service sector, and an agriculture sector that is beginning to finally look up, the Indian economy needs all the energy it can get to sustain the growth momentum. However, enshrouded in the figures of the galloping Indian economy is the precarious energy situation that the country faces.
Whose Arctic is it anyway?
2007 will be remembered as the year of climate change and high oil prices. Starting with the first of the four reports of the Inter-Governmental Panel on Climate Change (IPCC), the debate culminated in the award of the Nobel Peace Prize to Al Gore and the IPCC. Even the ill-fated Bali conference which failed to provide concrete direction to the future of international environmental policy reinforced the need for swift global action to curb carbon emissions.