Sunday, 21 September 2014
Last updated 1 day ago
Dec 4 2009 | 10:13am ET
India on Thursday announced it would voluntarily reduce its carbon emissions by 20% to 25% of 2005 levels by 2020, rather than signing on to any legally binding international agreement to combat global warming.
Indian Environment Minister Jairam Ramesh told parliament the government planned a broad range of measures to meet the emissions target, including the introduction of fuel efficiency rules for vehicles by December 2011, an energy-efficient building code and a requirement that half of all new coal-fired generators use clean coal technology.
Ramesh said the measures would be part of a transition to a low-carbon economy – a transition that was in India’s “own self-interest” given the threat it faces from global warming.
“We are not doing the world a favor,” he said. “Forget Copenhagen. Forget the US. Our future as a society depends on how we respond to the climate change challenge.”
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.