greenxgene

The usage of refrigerants is governed by two International agreements. Montreal Protocol (MP) - Aims to prevent ozone depletion by reducing ozone depleting gases emission. United Nations Framework Convention on Climate Change (UNFCCC) - Aims to control global warming by reducing green house gas emissions. As per UNFCCC developed nations are mandated to reduce their carbon foot print significantly in a phased manner and also required to fund the cost of transition of poor nations to technologies that have less impact on global warming. The carbon emission savings of individual industrialized nations are measured in percentage reduction. As a part of this design the carbon emission savings of poor nations achieved with the help of a individual industrialized nation can be accounted in the percentage reduction of that nation. As per Montreal Protocol(MP) all member nations are required to reduce the emission of ozone depleting gases in a phased manner. Unlike UNFCCC, MP doesn’t...

There is a complex web of political events happening around Middle East in this decade. It so complex that it even puzzles the political observers. I’d like to point out in this article some of the recent developments in Middle East in the year 2012. Syria – To start with Syria, there is an ongoing agitation by the Syria Rebels aka Free Syrian Army against Syria’s President Bashar al-Assad. The rebels want to end the regime of Assad. Its been alleged that the Western powers are supplying the rebels with weapons and other supports all in the name of Democracy to topple Assad. But why is US and her allies are so keen to remove Assad? Because the present Syrian Government is a key ally of Iran and Russia in the Middle East. So crippling Syria would be a huge blow to Iran and Russia. Iran – If US is opposing Syria for its alliance with Iran, what terrible thing did Iran do? Iran did what previously Iraq and Libya tried to do. Yes Iran stopped selling oil in US Dollar. US domina...

  There were chain of events that lead to the fall of Rupee’s value against US Dollar. Let me list out the events in a sequence. Though I’m not a financial expert I have penned down what I’ve learnt from this crisis. Financial crisis erupts in various nations like Greece, Italy, Spain, Ireland in European Union as a result the stability of European Union came in to question. Financial crisis in Greece worsens even after several bailout package provided by other members of EU (mainly contributed by France and Germany). Bailout package is like a loan granted to the country, which the country has to repay once their economy is stabilized. In the past its been said that International Monetary Fund (IMF) provided similar loans to small countries in Africa and Asia and in case if the country is not able to repay the fund, the IMF gets the right to take natural resources of the country so as to nullify the debt. Some economists have argued that the IMF even though was aware that the p...