Tag archives for India - Page 9
One country’s legislature is mulling the wisdom of mandating larger companies to spend some of their profits on doing good. India’s Parliament is mulling a bill that if passed, over 3400 companies would have to set aside 2% of their average net profits over the next three years for funds dedicated to CSR initiatives.
While the American Power Act bill of the US is widely believed to have no chance of sailing through in 2010, it is pertinent to note its key provisions as future versions might carry several of its most important points.
Last week the World Bank voted to loan Eskom, a South African energy producer, US$3.75 billion to build a new coal power plant. Politicians in the UK and my beloved USA went ballistic. They howled that it was a tragedy for the World Bank to sabotage the work that has been done at ameliorating climate change.
Much of the conflict over climate change between developed and developing countries focuses on who should pay for the transition away from fossil-based fuels. Some in the West say that countries with less stringent environmental laws, such as India and China, should be subject to a carbon tariff, often referred to as a border adjustment tax.
Yesterday I went to one of the best one day symposia I have attended, a gathering focused on India and Climate Change. I am glad I attended because it gave me insight as to what role India can and should have in the global debate over environmental policy. Too often, global political leaders and environmentalists lump together China and India when they discuss what these nations should do in combating climate change