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The 370ppm CO2 Challenge Makes a Lot of Environmental Sense

Ganga Prasad Rao Energy, Environmental and Mineral Economist gprasadrao@hotmail.com The global CC-OC economy, comprised of Private Capitalists, has adopted the competitive Nominal Open Cycle paradigm to exploit resources in the Commons, ostensibly to maximize, both, sovereign economic growth and PV Lifestyles. Multilateral competition, centered around cost-advantages, has incentivized lower-priced, externality-causing carbon-intensive fuels and related technology over sustainable CC technologies in many third-world nations. Competitive economic growth fuelled by a low-cost, externality-intensive technology has brought us to the precipice of a global environmental calamity, avoiding which requires a sacrifice of prospective growth from those with the largest economic stake - the least developed nations. In this context, whereas the Kyoto agreement focused on curtailing emissions from the developed group of nations, the focus of the Paris convention is on eliciting voluntary reductions i...

A Finance-Based, GO-Alternative to Resolution of Nominal SESH Externalities

A Finance-Based, GO-Alternative to Resolution of Nominal SESH Externalities GangaPrasad Rao gprasadrao@hotmail.com It's in the papers - the Chennai edition of The Hindu, that is. Cooum river, a flood channel in the incessant ‘winter rains’, but otherwise an open conduit for untreated sewage that drains through garbage dumps on its banks, is back in news…. Surprise, surprise, for the same reason again! Flowing through the unorganized suburbs that provide refuge to the working class employed in cities, and which host the low-value added, downstream ancillary industries, the river has largely lost its ecological and social significance, and serves as a local environmental sink - a garbage channel that is more useful to the economy in its role of channeling slush money to nominal politicians and abetting contractors. The Cooum is but one example of the social and environmental externalities engendered by the Nominal economic paradigm. You may wonder what factors cause such degradation ...