Several negotiations, ranging from Kyoto to Cancun, have tried to look at solutions to climate change, but have failed to reach an overarching solution to emissions. Recognizing this, Sir James Mirrlees focused on academic solutions. He stressed on imposing carbon taxes and ensuring technology transfers between countries. In order to reach an agreement, countries must recognize both short - and long-term benefits. In his model, Sir Mirrlees employs the Nash bargaining solution method, whereby there would be a limitation to emissions by each country, based on its economy and size. The model also includes technology transfer s between nations, enabling equity and benefits.

The model's ... >>

Interspaced with some of the highest mountains in the world, the Himalayas look so powerful, pure and pristine. It is easy to believe then that these are indeed the abode of the Gods. Dubbed the third polar region of the world, they symbolise nature's supremacy and its power to sustain life with more than one-tenth of the world's population directly depending on its waters.

There appears to have been no snowfall in the Himalayas this year even at these heights and the Tibetan plateau beyond. If there were, the rising temperature has not only melted the fresh snow but stripped further layers from past centuries. Much of the range looks like a high wall of grey and jagged outcrop of ... >>