No carbon caps in IndiaÂ’s future, minister says
NEW DELHI, INDIA - Top Indian officials dismissed a draft climate change proposal by Denmark that expects developing economies to peak greenhouse gas emissions by 2025, reports said.
The draft document was circulated to a few countries ahead of the December 7-18 summit in Copenhagen, which is supposed to draw up an agreement for controlling emissions of carbon dioxide and other gases causing global warming.
Environment Minister Jairam Ramesh said the Danish draft was "totally unacceptable," The Economic Times reported.
"We are never going to take on a peaking year for absolute emissions. This is not on the horizon."
In Copenhagen, Prime Minister Lars Loekke Rasmussen said Denmark had not presented an official draft but was consulting "all the key stakeholders" ahead of the climate summit.
India has said it is prepared to take measures to slow emissions, but it refuses to accept the same kind of emissions cap required of industrial countries.
The Economic Times also said the Danish draft proposal suggests a separate schedule for developing countries, another move that India opposes.
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FERC needs to review capacity market performance, GAO recommends
WASHINGTON - Capacity markets may or may not be functioning properly, but FERC can't adequately make that determination, according to the GAO report.
"Available information on the level of resource adequacy ... and related costs in regions with and without capacity markets is not comprehensive or consistent," the report found. "Moreover, consistent data on historical trends in resource adequacy and related costs are not available for regions without capacity markets."
The review concluded that FERC collects some useful information in regions with and without capacity markets, but GAO said it "identified problems with data quality, such as inconsistent data."
GAO included three recommendations, including…
