What are The Effects of a Long-Term Global Warming?

Elstel.org17 Aug, 2020Business

The scenario may be another one, if the CoViD pandemic would have been tackled differently on a global scale. However quite a lot of countries that came in to fight the pandemic did not care to invest their money in an environmentally friendly and forward looking way. Instead the USA under Trump are bailing out fossil fuel companies with huge amounts of money. Europe has promised to do better, Ursula von der Leyen announcing a Green New Deal for the European Union. However some institutions like the ECB are still in quest to green their bond buying activity while Von der Leyen has not turned the driving direction in the Union´s destructive trade policy, though the European population strongly oppose trade deals like Mercosur and some countries are refusing to agree on the deal.

Global Warming and Its Long-Lasting Effects

Elstel.org17 Aug, 2020Business

The Global Climate is changing drastically every single year. It is estimated to heat up to 4.1°C to 4.8°C by 2100 as compared to 1.16°C, in the current year, if no adequate measures are taken against global warming. It is a well-known fact that this rise in global temperature is occurring due to the increase in carbon dioxide and other greenhouse gas emissions, and we as humans, are contributing to that devastation excessively, by burning fossil fuels for the purpose of heating, electricity and transportation.

What About The Belief That Agrofuels Produce Less Greenhouse Gases? - Elstel.org

Elstel.org29 Jul, 2020Business

Greenhouse gases are well known to increase the global warming phenomenon and many people also believed that agrofuels could potentially reduce the greenhouse gas emissions. But this is factually wrong.Many agrofuel crops, which are supposed to store crop biomass and reduce carbon dioxide from the air, produce excess amounts of nitrous oxide as a result of using nitrogen fertilizers.

Were the Production of Agrofuels Really Helpful in Balancing Our Climate?

Elstel.org29 Jul, 2020Business

It was not long ago that agrofuels were considered a substitute to fossil fuels and that they were heavily utilized in the transport sector. Moreover, fossil fuels were considered harmful for the environment due to their carbon dioxide emission and this in turn spiked the production of agrofuels to such an extent, that large companies were given tax incentives to produce corn-based ethanol and biodiesel from oilseed, which were advertised as a perfect solution to climate change.

Issues faced by Investor State Dispute Settlement — Elstel.org

Elstel.org14 Jul, 2020News

The energy charter treaty (ECT) is the only ISDS agreement signed by the EU that includes 52 European and Central Asian countries as a part of the agreement. But though there are quite a few cases solved through ISDS over the last 30 years, there are negotiations that ISDS causes human rights violations, is unnecessary and illegitimate as a public policy. Therefore, many developing countries like Argentina, Indonesia, South Africa and India, from their previous experience feel that, the ISDS agreements are completely abused and there are certain flaws in it, which need to be rectified.

New Reforms for ISDS

Elstel.org28 Jun, 2020News

ISDS provisions have either been modified, limited to certain agreement breaches or enhanced from its previous model in certain cases. US and Korea signed a treaty in 2018, that amended their 2008 ISDS treaty. The new treaty helps both countries in accomplishing their objectives and clears the issue on minimum standard of treatment. US, Mexico and Canada signed a new NAFTA agreement, and Canada withdrew itself from ISDS. This way US and Mexico can concentrate on their own disputes.

Investor State Dispute Settlement

Elstel.org28 Jun, 2020News

ISDS or Investor State dispute settlement, is an international law governing the cross-border commerce which allows foreign investors to get rightful solutions to the disputes they are facing or to agreements that are breached with a host state, where their investment lies. These settlements are normally done in a neutral forum wherein, agreements are in the form of investment treaties or investment and trade deals, which fosters foreign investment between state parties.

What are The Problems Due to Sea Level Rise and Global Warming?

Elstel.org14 Jun, 2020News

Even a one-degree rise of water and earth’s temperatures, is enough to cause major damage to our eco system and people’s lives. The fracturing of glacier in the Antartica region due to the warm climate, the loss of 329 gigatones of the Greenland ice sheet in the year 2019, the loss of marine life and coral reefs due to high acidification and deoxygenation in the oceans, bushfires caused in Australia, peak summers which affected countries like United Kingdom, Germany ,

What Causes a Rise in The Sea Level?

Elstel.org14 Jun, 2020News

Our planet has become warmer than in the past. One can see that there is a significant increase in the earth’s average temperature which has led to extreme climatic changes. This increase in temperature is nothing but Global warming and its impact is certainly felt on our oceans today.

Sea Level Rise

Elstel.org14 Jun, 2020News

Rise in the sea level due to the changing climatic conditions is a concern many of the countries are facing in the current times. Small islands and coastal areas are at a threat of being gobbled up by the sea water soon. Tide gauges which were previously used to predict the level of sea water rise is now taken over by high quality satellite measurements and from these measurements it can be observed that, the ocean water which was increasing 2mm every year till the year 2000, is now increasing by 4mm. A total of 75mm rise in sea level was predicted from 1991 to 2019.

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