The problems caused by climate change have been recognised as one of the greatest concern of this century. The subject is futuristic, relevant and multi-disciplinary with many stakeholders. The matter encompasses not only the health of the planet itself, but also that of nations and individuals.
Given India’s vulnerability to a rise in global crude oil prices as a result of its 75-80 per cent of its crude import dependency, the Iraq crisis could widen its current account deficit, while putting pressure on exchange rate, impeding government’s fiscal consolidation goal and putting off any nudge on interest rates by the Reserve Bank of India.
India is trying to deal with its domestic energy concerns through various measures including reforming its New Exploration and Licensing Policy (NELP), intensifying its efforts in developing domestic unconventional energy resources and diversifying its crude imports. In this regard Japan’s support holds special importance.
Turkey’s natural gas reserves are 218 bcf and its production is roughly 27 bcf. It relies heavily on imports to meet its domestic demand. Additionally, Turkey positions itself as a gas transit hub – importing from Russia, Azerbaijan, Turkmenistan and Iran and re-exporting some of it to Europe.
As the ice thins in the Arctic, the commercial feasibility of the northern sea route is increasing rapidly. Five years ago there was no activity; this year about 1.5 million tonnes of cargo will be transported through the NSR.
The four upayas are not well studied by scholars and are often used in a casual manner, particularly misquoting Kautilya. It is important to locate the text of traditional indigenous knowledge in their correct context.
After years of political and economic isolation, Myanmar is opening up to investment particularly in the energy sector. There are however, accompanying uncertainties and risks.
Nawaz Sharif’s political comeback has resulted in a fresh sense of optimism within the Indian industry. But it has to be seen whether it will it help in normalizing relations and bringing people together.
The current decline in US emissions should not make us forget about climate change; a renewed push is necessary to discuss actions and policies that mitigate the complex issue of climate change.
Both think tanks and universities need to attempt to study traditional knowledge (much of which lies in religious text of many traditions). Rich methodological traditions exist in ancient literature and they need wider study.
Iraq crisis: Lessons for India
Given India’s vulnerability to a rise in global crude oil prices as a result of its 75-80 per cent of its crude import dependency, the Iraq crisis could widen its current account deficit, while putting pressure on exchange rate, impeding government’s fiscal consolidation goal and putting off any nudge on interest rates by the Reserve Bank of India.