Wednesday, December 7, 2011

Day 7: Agreement amongst parties and India's green future


Here are two articles from business-oriented news-sites. They discuss the following topics

1)    Agreement at COP17 amongst parties
2)    India as a future green leader?



According to UNEP, Durban has seen an increase in cooperation amongst parties. UNEP believes that un Durban, despite some parties disagreeing with some of the key issues, there is a strong sense of global community. The G77 and the developed world share the common vision that climate change needs to be addressed as soon as possible.

The article interestingly notes that low-carbon economies are the future of the world. This is once again in line with Cristina Figureres’s Green Economy pledge. Low carbon economies will not hinder economic growth, but would rather allow room for sustainable development.


India has the potential of becoming one of the world’s leaders in green technology implementation. The article outlines that India will be particularly interested in obtaining financial support from the GCF. There is potential for India to develop as a global leader in green jobs and technologies.

This will, however, require a lot of cooperation with the private sector, both domestically and internationally. It will allow an opportunity for skills to be developed in the population to power a green revolution in India.

It must be noted that India still faces a high degree of poverty and poor infrastructure in certain regions, as well as a booming population. Finding a balance between poverty eradication and business development will be an imperative agenda item for India in the next decade.

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