Thursday, November 21, 2013
Lord Stern Answers Questions About India's Role In Climate Change
India is one of the emerging market countries that are receiving two thirds of the world's investment and are responsible for 50% of global output. If it follows China's development path and produces 8-9 tons of carbon per capita, there will be no chance for the world to meet its global emissions target. India only produces 2 tons per capita today but it wants the opportunity to become a richer country. Lord Sterns suggests that India can continue with its development of solar power and it can eliminate much of the waste in its current power grid. Rich countries should help India defray the cost but India is one of the countries most vulnerable to climate change; it is in its interest to find more efficient ways to develop it its economy.