Bail-out and Stimulus Package: Yes for Economic crisis, No for Climate crisis?

Bail-out and Stimulus Package: Yes for Economic crisis, No for Climate crisis?

By Rajendra Shende, rmshende@unep.org 29 June 2009 When markets collapsed and when most of the major banks around the world went kaput, the governments around the world rushed to bail out the market. Almost overnight stimulus packages got prepared, approved by cabinets, politburo, senates, and parliaments and even by executive order depending on the political governing system in the countries. Almost in military-like marching order, all the sermons on virtues of open market economy made a 180 degree turn around. The goals of zero trade-tariffs and the best practices of 'leaving the markets to work upon themselves' were found to be strategically misconceived. In near orchestrated style, the governments around the world condemned the indulgence in not regulating the markets enough and ordered the system to intervene, control and even take over and nationalize the businesses. The intellectuals in political economy commissioned research and studies on virtues of monitoring the markets and...
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Road not taken: Montreal-Kyoto-Copenhagen

Road not taken: Montreal-Kyoto-Copenhagen

By Rajendra Shende, rmshende@unep.org 27 April 2009 Driving from the airport to downtown in Washington DC, I saw that the blossoming of trees has painted Washington DC's horizons in shades of white and rose. Those are the spring colors, colors of hopes, the colors that signal the arrival of a new season. But it is not only on the trees that I saw the blooming flowers in DC. I saw, smelled and felt the flowers of hope, colors of optimism and a whiff of aspiration in the air all around the ancient district of U street down to the office district of K street and from Kennedy Center on the banks of the Potomac to the Washington memorial opposite to Capitol Hill. In a single day I heard so many important speeches and was part of discussions at the round table. A Senator, a Governor, senior officers of the Environmental Protection Agency, White...
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Doha Round

Doha Round

by Rajendra Shende, rmshende@unep.fr 23 December 2008 Doha is a quiet city in a land that protrudes in the Arabian Gulf, a perfect example of a peninsula. Leave aside the noise of building construction and the hustle of the National Market where most of the immigrant workers do their shopping and transfer money to their homeland, the rest of the city is as quiet as camels in Omani Market. Even more visited Souq Waqef (Old Market) presents a quiet scene with Arabian backdrop. Its fascinating terraces and networks of complex narrow alleys are bustling with evening crowd that is far from noisy. Quaffing Eshariq Coffee with shisha in Souq Waqef is an experience in solitude in the middle of a swarm of visitors and Doha residents. Two weeks of my stay in Doha was for a series of meetings on the Montreal Protocol. Every morning before going for the meeting jogging along Al...
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