With India and China holding such a large portion of the world population, and with both nations facing intense water shortages in the upcoming future, there is much cause for concern.
The $100-a-barrel oil that Goldman Sachs Group said would prevail by 2009 may be only a few months away.Jeffrey Currie, a London-based commodity analyst at the largest brokerage firm, said that $95 crude was quite likely this year unless OPEC unexpectedly increased production and that declining inventories were raising the chances for $100 oil.
India has taken the first steps towards developing a national plan on tackling the effects of climate change.Prime Minister Manmohan Singh chaired a meeting of top government officials and environmental experts which agreed to draft a national policy by October.
Israel has offered help to India in tackling its severe water problem with not just technology to desalinate water, but also in areas like waste water treatment, drip irrigation and conservation.
$2,500 models could attract millions of buyers, but add to carbon emissions. It may be an Indian consumer's dream — cheap cars for $2,500-$3,000 within reach of millions of a swelling middle class. But it could also prove to be a traffic and environmental disaster.
