The Copenhagen Accord is weak and a step back from the Bali Action Plan which talked about four pillars of negotiations – mitigation, adaptation, financial support and technology transfer.
The Internet’s blurred boundaries and its existing vulnerabilities have led to unhealthy trends, which, if not addressed adequately, could pose severe problems.
The ramifications of an end to dollar-based oil trade would extend far beyond the oil market and would herald the beginning of a new international political order.
The security architecture of any state is normally based on traditional concepts like dealing with issues related to war and peace. This is no longer true in the 21st century when threats cannot be defined only in military terms. Swine flu pandemic is an example of this. Such threats demand solutions which lie beyond routine medical cure.
The United States and China signed a Memorandum of Understanding (MoU) on bilateral cooperation on energy, climate change and environment during their recently concluded strategic and economic dialogue (SED). This MoU follows from a previous agreement, the Framework for Ten Year Cooperation of Energy and Environment (TYF) that was signed during the 2008 round of the SED.
The United States House of Representatives passed a landmark legislation H.R. 2454, the "American Clean Energy and Security Act," by a narrow margin of 219-212 on 26 June 2009. This bill requires the reduction of nationwide greenhouse gas emissions by 17 percent of the 2005 level by 2020 and 83 percent by 2050 through a "cap-and-trade" program under which companies would buy and sell emissions credits. The bill has more hurdles to cross before it becomes a law.
The idea is to launch giant orbiting solar collectors into space, where there is no night, and beam the power to receivers on the ground, where it is fed as electricity to the grid. Long championed by former President Dr. Abdul Kalam, and the Aerospace Society of India (AeSI), the idea is seen as a long-term solution for energy security and climate change, and the most environmentally benign and scalable renewable energy option, which deserves its own focused development programme.
Environmental degradation, climate change and ozone depletion are complex challenges which need to be addressed by society. The equipment intensive military with high budgets, fossil fuel consumption, and extensive use of chemicals also owns prime real estate such as military stations and cantonments.
The recent food price inflation leading to food insecurity has been one of the immediate and striking outcomes of the recent oil price spikes and the global financial meltdown. This has triggered a chain reaction leading to the diversion of arable land in the form of overseas land grabs, and agreements between commercial food and finance industry. For instance, corns and scare economic resources are being diverted to the production of green bio-fuels such as ethanol and bio-diesel.
The recent downslide in crude oil prices from a peak of US $147 a barrel to below $40 and speculated to fall further to $25 has evidently provided relief to oil importing countries, which have been triply inflicted by huge oil pool deficits, growing food prices and global economic downturn. But based on current oil market fundamentals and past experience, there is no reason not to believe that the current fall in oil prices is likely to be temporary. Sooner or later prices will rise and may even be higher than the recent peak because of two particular reasons.
Copenhagen Accord has initiated a drift in climate change negotiations
The Copenhagen Accord is weak and a step back from the Bali Action Plan which talked about four pillars of negotiations – mitigation, adaptation, financial support and technology transfer.