Edition-3
What polluters such as China & India have done is have national road maps to attack climate change. India has called the National Action Plan on Climate Change. It has eight components, including measures to boost solar energy, energy efficiency, ensure sustainable habitats & agriculture, optimize water use, sustain the Himalayan ecosystem, promote afforestation, and build knowledge in climate modeling.
This is a source of regulatory risks & opportunities. Its energy efficiency component, for instance, will be targeted at the industrial sector. Those like power, cement, fertilized, iron & steel plants. The idea is to set energy efficiency standards for each sector. Those bettering standards can sell energy-efficiency credits or energy-saving certificates to the laggards, as part of a market mechanism. The other potion for laggards is to be penalized.
What polluters such as China & India have done is have national road maps to attack climate change. India has called the National Action Plan on Climate Change. It has eight components, including measures to boost solar energy, energy efficiency, ensure sustainable habitats & agriculture, optimize water use, sustain the Himalayan ecosystem, promote afforestation, and build knowledge in climate modeling.
This is a source of regulatory risks & opportunities. Its energy efficiency component, for instance, will be targeted at the industrial sector. Those like power, cement, fertilized, iron & steel plants. The idea is to set energy efficiency standards for each sector. Those bettering standards can sell energy-efficiency credits or energy-saving certificates to the laggards, as part of a market mechanism. The other potion for laggards is to be penalized.
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