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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
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» WATA - Watawala
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» Capital Trust Broker in difficulty?
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» Should I Stick Around, or Should I Follow Others' Lead?
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    Post by කිත්සිරි ද සිල්වා Sun Dec 13, 2015 3:26 pm

    Historic pact to slow global warming is celebrated in Paris

    Nearly 200 nations adopted the first global pact to fight climate change on Saturday, calling on the world to collectively cut and then eliminate greenhouse gas pollution but imposing no sanctions on countries that don't.

    The "Paris agreement" aims to keep global temperatures from rising another degree Celsius (1.8 Fahrenheit) between now and 2100, a key demand of poor countries ravaged by rising sea levels and other effects of climate change.

    Loud applause erupted in the conference hall after French Foreign Minister Laurent Fabius gaveled the agreement. Some delegates wept, others embraced.

    "It's a victory for all of the planet and for future generations," U.S. Secretary of State John Kerry said, adding that the pact will "prevent the worst most devastating consequences of climate change from ever happening."

    Brazilian Environment Minister Izabella Teixeira added: "Today, we've proven that it's possible for every country to come together, hand in hand, to do its part to fight climate change."

    In the pact, the countries pledge to limit the amount of greenhouse gases emitted by human activity to the levels that trees, soil and oceans can absorb naturally, beginning at some point between 2050 and 2100.

    In practical terms, achieving that goal means the world would have to stop emitting greenhouse gases — most of which come from the burning of oil, coal and gas for energy — altogether in the next half-century, scientists said. That's because the less we pollute, the less pollution nature absorbs.

    Achieving such a reduction in emissions would involve a complete transformation of how people get energy, and many activists worry that despite the pledges, countries are not ready to make such profound, costly changes.

    The deal now needs to be ratified by individual governments — at least 55 countries representing at least 55 percent of global emissions — before taking effect. It is the first pact to ask all countries to join the fight against global warming, representing a sea change in U.N. talks that previously required only wealthy nations to reduce their emissions.

    "History will remember this day," U.N. Secretary General Ban Ki-moon said. "The Paris agreement on climate change is a monumental success for the planet and its people."

    Speaking from Washington, President Barack Obama said the climate agreement offers "the best chance to save the one planet we have."

    The deal commits countries to keeping the rise in global temperatures by the year 2100 compared with pre-industrial times "well below" 2 degrees Celsius (3.6 degrees Fahrenheit), and says they will "endeavor to limit" them even more, to 1.5 degrees Celsius. The world has already warmed by about 1 degree Celsius since pre-industrial times.

    Ben Strauss, a sea level researcher at Climate Central, said limiting warming to 1.5 degrees instead of 2 degrees could potentially cut in half the projected 280 million people whose houses will eventually be submerged by rising seas.

    View galleryNearly 200 nations pledge to slow global warming
    French President Francois Hollande, left, United Nations Secretary-General Ban Ki-moon, center left …
    More than 180 countries have ready presented plans to limit greenhouse gas emissions— a breakthrough in itself after years of stalemate. But those pledges are not enough to achieve the goals in the accord, meaning countries will need to cut much more to meet the goal.

    "We've agreed to what we ought to be doing, but no one yet has agreed to go do it," said Dennis Clare, a negotiator for the Federated States of Micronesia. "It's a whole lot of pomp, given the circumstances."

    The agreement sets a goal of getting global greenhouse gas emissions to start falling "as soon as possible"; they have been generally rising since the industrial revolution.

    It says wealthy nations should continue to provide financial support for poor nations to cope with climate change and encourages other countries to pitch in on a voluntary basis. That reflects Western attempts to expand the donor base to include advanced developing countries such as China.

    In a victory for small island nations, the agreement includes a section highlighting the losses they expect to incur from climate-related disasters that it's too late to adapt to. However, a footnote specifies that it "does not involve or provide any basis for any liability or compensation" — a key U.S. demand because it would let the Obama administration sign on to the deal without going through the Republican-led Senate.

    The adoption of the agreement was held up for nearly two hours as the United States pressed successfully to change the wording on emissions targets from saying developed countries "shall" commit to reducing emissions to they "should." Experts said that means the deal probably won't need U.S. congressional approval.

    Nicaragua said it would not support the pact. Its envoy, Paul Oquist, said the agreement does not go far enough to cut global warming and help the poor countries affected by it.

    Nicaragua is one of eight participating countries that haven't submitted emissions targets, after Venezuelan envoy Claudia Salerno said her country — which had been holding out — liked the agreement and had submitted its pledge.

    Thousands of protesters demonstrated across Paris, saying the accord is too weak to save the planet. People held hands beneath the Eiffel Tower and stretched a two-kilometer-long (1.2-mile-long) banner from the Arc de Triomphe to the business district La Defense.

    Kumi Naidoo of Greenpeace said the accord is a good start but isn't enough.

    "Today the human race has joined in a common cause, but it's what happens after this conference that really matters," he said. "This deal alone won't dig us out the hole we're in, but it makes the sides less steep."

    The accord does represent a breakthrough in climate negotiations. The U.N. has been working for more than two decades to persuade governments to work together to reduce the man-made emissions that scientists say are warming the planet.

    The previous emissions treaty, the 1997 Kyoto Protocol, included only rich countries and the U.S. never signed on. The last climate summit, in Copenhagen in 2009, ended in failure when countries couldn't agree on a binding emissions pact.

    The talks were initially scheduled to end Friday but ran over as Western powers, tiny Pacific island nations and everyone in between haggled over wording.

    The main dispute centered over how to anchor the climate targets in a binding international pact, with China and other major developing countries insisting on different rules for rich and poor nations. The agreement struck a middle ground, removing a strict firewall between rich and poor nations and saying that expectations on countries to take climate action should grow as their capabilities evolve. It does not require them to do so.

    Some scientists who had criticized earlier drafts as unrealistic praised the final pact for including language that essentially means the world will have to all but stop polluting with greenhouse gases by 2070 to reach the 2-degree goal, or by 2050 to reach the 1.5-degree goal.

    That's because when emissions fall, nature compensates by absorbing less carbon dioxide — and can even release old pollution once there's less of it in the air, said Princeton University's Michael Oppenheimer. Forests, oceans and soil currently absorb about half the world's man-made carbon dioxide emissions.

    "It means that in the end, you have to phase out carbon dioxide," said John Schellnhuber, director of the Potsdam Institute for Climate Impact Research in Germany.

    In addition to the cuts in emissions, the goal could be reached in part by increasing how much carbon dioxide is sucked out of the air by planting forests or with futuristic technology, Oppenheimer said, but added such technology would be expensive.

    French President Francois Hollande welcomed the world to a "low carbon age," saying France is ready to cut emissions even further and increase aid to poor countries that are affected. He challenged all nations to do more.

    "The 12th of December, 2015, will remain a great date for the planet," Hollande declared. "In Paris, there have been many revolutions over the centuries. Today it is the most beautiful and the most peaceful revolution that has just been accomplished — a revolution for climate change."


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    Reposting on a different thread (but a bit stale news by now). Very Happy
    slstock
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    Post by slstock Sun Dec 13, 2015 3:42 pm

    Best new I heard after a long time.

    Every where there is bad news .
    War, killing , bloody shed, cut throat, back stabbing, under cutting, attacking , price going up, market going down, moral detirioration , harm to mother earth , human abuse, animal abuse etc etc ect

    and finally a good news by countries colletively
    slstock
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    Post by slstock Sun Dec 13, 2015 7:13 pm

    Any conservationists , environmentalists , nature lovers
    probably can add good insight to this thread.

    Too bad Chinwi is not here.

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    Post by guruji Sun Dec 13, 2015 9:51 pm

    Hm think there will be ww3 before2070
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    poor boy
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    Post by poor boy Sun Dec 13, 2015 10:31 pm

    In sri lanka many service station operators cheat car owners by saying they need to change engine oil at every 5000km. But for all newer non hybrid cars it is not 5000km it is 5000 miles (=8000km) or more. for hybrids oil change interval is 10000miles(16000km) or One year. we are wasting lot of resources, money and causing unnecessary huge environmental damage  .  pls read http://www.syntheticlubesoftexas.com/uploads/Consumer_Guide_2011_Oil_Change_Guidelines.pdf .there are many internet sources about this matter
    කිත්සිරි ද සිල්වා
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    Post by කිත්සිරි ද සිල්වා Sun Dec 13, 2015 10:48 pm

    Yes.
    Same thing on insisting of using 95 octane fuel for Hybrid cars like Aqua fitted with low compression Atkinson type engine which are not required no such high octane.
    (Toyota Japan recommends 87 Octane in Japan).

    poor boy wrote:In sri lanka many service station operators cheat car owners by saying they need to change engine oil at every 5000km. But for all newer non hybrid cars it is not 5000km it is 5000 miles (=8000km) or more. for hybrids oil change interval is 10000miles(16000km) or One year. we are wasting lot of resources, money and causing unnecessary huge environmental damage  .  pls read http://www.syntheticlubesoftexas.com/uploads/Consumer_Guide_2011_Oil_Change_Guidelines.pdf  .there are many internet sources about this matter
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    Post by nis2008 Mon Dec 14, 2015 1:56 am

    ඔය ලොකුවට පරිසරය ආරක්ෂා කිරීම ගැන කතාකරන කස්ටියම තමා කාර්මික විප්ලවය හරහා පරිසරය විනාස කරමින් තම රටවල් සංවර්ධනය කරගත්තේ. දැන් එයාලම කියනවා කාර්මික දියුණුව සඳහා පරිසරය විනාස කරන්න එපා කියල. ලෝකයේ සමහර දුප්පත් රටවල් කිසිදා දැකල නැති තාක්ෂනික දියුණුවක් ලබාසිටින මේ සංවර්ධිත රටවල් දැන් දුප්පත් රටවලවට අණ කරනවා තිරසාර ලෙස රට සංවර්ධනය කරන ලෙස. බංකලොත් රටවල් මුල්‍ය ශක්තියක් නොමැතිව කොහොමද මෙවැනි අධිතාක්ෂණික පරිසර හිතකාමී සංවර්ධන ඉලක්ක සාක්ෂාත් කරගන්නේ. සත්‍යලෙසම පරිසරය සුරැකීමට අවශ්‍යනම් සිදුකලයුත්තේ මුල්‍ය ශක්තියක් නොමැති රටවල් වලට අධිතාක්ෂණික දැනුම ඇතුළු සියලු දේ නොමිලේ ලබාදීමයි. එහෙත් සිදුවන්නේ මොකක් හරි දෙයක් සොයාගත් සැනින් ස්වාධිකාරය ලබාගෙන වෙළඳපොල ඒකාධිකාරයක් ලබාගෙන විවිධ සම්මුතීන් හරහා දුප්පත් රටවල් තව තවත් පහලට ඇදදැමීමයි

    මෙම සංවර්ධිත රටවල් පවසන ප්‍රජාතන්ත්‍රවාදය මානව හිමිකම් පරිසර සම්මුතීන් ආර්ථික සම්බාධක සියලු දේ හේතුවෙන් සැමදා ධනවත් රටවල් ධනවත් ලෙසද දුප්පත් රටවල් සදාකල් දුප්පත් ලෙස පැවතීමයි.
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    Post by blacknights Mon Dec 14, 2015 7:22 am

    poor boy wrote:In sri lanka many service station operators cheat car owners by saying they need to change engine oil at every 5000km. But for all newer non hybrid cars it is not 5000km it is 5000 miles (=8000km) or more. for hybrids oil change interval is 10000miles(16000km) or One year. we are wasting lot of resources, money and causing unnecessary huge environmental damage  .  pls read http://www.syntheticlubesoftexas.com/uploads/Consumer_Guide_2011_Oil_Change_Guidelines.pdf  .there are many internet sources about this matter

    Yes I too agree with you. When manufacturer has clearly mentioned the service intervals our people try to do more than the required and waste both money and the environment. Anyway I strictly follow the manufacturer's recommendations never listen to service huts or even the local agent.
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    Post by blacknights Mon Dec 14, 2015 7:29 am

    කිත්සිරි ද සිල්වා wrote:Yes.
    Same thing on insisting of using 95 octane fuel for Hybrid cars like Aqua fitted with low compression Atkinson type engine which are not required no such high octane.
    (Toyota Japan recommends 87 Octane in Japan).

    poor boy wrote:In sri lanka many service station operators cheat car owners by saying they need to change engine oil at every 5000km. But for all newer non hybrid cars it is not 5000km it is 5000 miles (=8000km) or more. for hybrids oil change interval is 10000miles(16000km) or One year. we are wasting lot of resources, money and causing unnecessary huge environmental damage  .  pls read http://www.syntheticlubesoftexas.com/uploads/Consumer_Guide_2011_Oil_Change_Guidelines.pdf  .there are many internet sources about this matter

    Here in SL people call 95 octane the super petrol. I don't know who started to call that super to cheat customers. AFAIK octane number has nothing to do with superiority but some specification related to engine's compression ratio as you have said.
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    Post by කිත්සිරි ද සිල්වා Mon Dec 14, 2015 7:39 pm

    India says Paris climate deal won't affect plans to double coal output Shocked

    India still plans to double coal output by 2020 and rely on the resource for decades afterwards, a senior official said on Monday, days after rich and poor countries agreed in Paris to curb carbon emissions blamed for global warming.

    India, the world's third-largest carbon emitter, is dependant on coal for about two-thirds of its energy needs and has pledged to mine more of the fuel to power its resource-hungry economy while also promising to increase clean energy generation.

    "The environment is non-negotiable and we are extremely careful about it," Anil Swarup, the top bureaucrat in the coal ministry, told Reuters. "(But) our dependence on coal will continue. There are no other alternatives available."

    While India has plans to add 30 times more solar-powered generation capacity by 2022, there were limitations to clean energy and coal would remain the most efficient energy source for decades, he said.

    Minister for Power, Coal and Renewable Energy, Piyush Goyal, said India's contribution to global greenhouse gases emissions was just 2.5 percent with 17 percent of the world's population, while developed countries contributed a fifth of emissions with just 5 percent of the world's population.

    "While contributing to (the) growth of renewable energy, energy conservation & efficiency, we'll make sure our development process (does) not get hampered," Goyal said in a post on Twitter.

    Even though many international lenders are turning their backs on financing new coal projects in favour of gas and renewable energy, India should have few difficulties in financing dozens more new mines.

    State-owned producer Coal India, for example, has enough internal cash resources to drive more production, Swarup said.

    At the global climate summit in Paris, nations forged a landmark agreement on Saturday to set the course for an historic transformation of the world's fossil fuel-driven economy within decades, including eliminating net man-made greenhouse gas emissions.

    Environmentalists worry that despite India's commitment to renewable energy, its rising use of coal at a time when many Western nations are rejecting the dirty fossil fuel will hamper the world's fight against climate change.

    India, which is targeting to more than double coal output to 1.5 billion tonnes this decade, says coal provides the cheapest energy for rapid industrialisation that would lift millions out of poverty.


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    Post by කිත්සිරි ද සිල්වා Mon Dec 14, 2015 7:59 pm

    Can we afford these ? Shocked

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    Post by Backstage Tue Dec 15, 2015 9:54 am

    කිත්සිරි ද සිල්වා wrote:Can we afford these ? Shocked

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    Nobody is sure why and how these conditions occur. This is not emissions related.

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