Green house gas (GHG) emission is a matter of grave concern across the world. The adverse impacts happen mainly in the form of climate change and global warming. Immediate steps are required to cut the emissions. India is the fourth largest emitter of GHG in the world in absolute terms. Being a developing country India does not have any immediate responsibility or commitments for reducing the emissions. However, pressure is increasing on India and other emerging economies such as China and Brazil. This paper discusses the impact of green house gas emissions and the strategies taken to reduce the emissions. According to India's National action plan on climate change, India has the plan to harness more renewable energy rather than adopting more stringent emission targets. Carbon trading is considered as an emerging business opportunity by global commerce. India's environmental industry is growing fast and it is estimated that it will grow from current $1billion to $20 billion by 2020.
[...] The climate change and the resulting temperature increase causes increase in mosquito population. Countries that are situated at higher elevations are also having malaria cases. Infectious diseases are increased even due to higher frequency of floods. For managing water borne diseases in India, Indian Government is spending more than Rs 450 billion per year (Business Standard December 2006 quoted in TERI Newswire 1-15 December 2006). Reduction Strategies Fossil fuel contributes more than 80 percent of the power demand in the world. [...]
[...] Indian, Thailand and Chinese Governments were enforcing pollution control laws, hiking budgets for environmental protection and the judiciaries are taking tougher stances. Firms which recognize environmental based product differentiation will gain from green investments. (TERI Newswire 1-15 December 2006). Carbon Capture and Storage Climate change is one of the most serious global issues in the world. It is not possible to halt the emissions due to the burning of fossil fuels and its usage in power plants, automobiles and factories. [...]
[...] The devastating effects of climate change are occurring in water resources and agriculture. Dramatic crop losses are occurring in various parts of the world due to temperature rise and changed rainfall patterns. Even though advanced scientific predictions are available, the weather behavior could not be predicted correctly. Impact on Weather The extreme precipitation events are frequently happened across the world due to global warming. IPCC projected that hot extremes, heat waves and heavy precipitation will be happening more frequently (Terragreen, July 2008). [...]
[...] Hence other countries should take the lead; the power production cost will increase by 30 percent; (iii) the risk of storage of high concentration of carbon dioxide; and CCS may dilute the focus on sustainable consumption patterns (Economic Times April, 2008). Conclusion Global warming is one of the most serious global issues in the world. It is not easy to reduce the burning of fossil fuels and its usage in power plants, automobiles and factories, the reduction of green house gases may be difficult. Efforts are being taken globally and locally to reduce the negative impacts due to green house gas emissions. A low carbon [...]
[...] They were solar energy, enhanced energy efficiency, sustainable habitats, water conservation, sustaining the Himalayan ecosystem, developing a ‘green' India, sustainable agriculture and building a strategic platform on climate change Thailand tops in renewable energy sources as 17% of the fuel consumption is from alternative sources only. India is planning to reach 10% by 2010 (The Hindu December 2006 quoted in TERI Newswire 1-15 December 2006). Indian Railway offers incentives to farmers and growers of bio-diesel plantations. The annual demand of diesel is about two billion litres. [...]
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