Thursday, April 7, 2011

United Nations Framework Convention on Climate Change (UNFCCC):

A convention adopted in May 1992 with the ultimate objective of the "stabilization of greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous anthropogenic interference with the climate system."
Virtual water:

Vulnerability
The amount of water that is directly or indirectly consumed in the production of a good or service. (also climate vulnerability): The degree to which a system is susceptible to, and unable to cope with, adverse effects of climate change, including climate variability and extremes. Vulnerability is a function of the character, magnitude, and rate of climate change and variability to which a system is exposed, as well as the system’s sensitivity and adaptive capacity.
Weather derivatives:
Financial instruments to reduce risk associated with adverse weather conditions by, for example, providing for payments associated with a specified weather event (such as an unusually cool or hot month of August).
Weather-index insurance:
Insurance where the indemnity (or payout) is based on the realization of pre-agreed values of an index of a specific weather parameter, measured over a pre-specified period of time, at a particular weather station. The insurance can be structured to protect against index realizations that are either so high or so low that they are expected to cause crop losses. The indemnity is calculated based on a pre-agreed sum insured per unit of the index (e.g. US$/millimeter of rainfall).
Win-win-(win):
In the Report, this refers to measures that are beneficial for adaptation and mitigation (and development).
2020 TARGET FOR CLEAN GANGA MISSION
The National Ganga River Basin Authority (NGRBA) approved an ambitious project to prevent the discharge of untreated municipal sewage and industrial effluent into the Ganga by 2020.
An estimated investment of Rs. 15,000 crore over the next 10 years will be required to create the necessary treatment and sewerage infrastructure for the
‘Mission Clean Ganga.’ The resources will be provided by the Centre and States over a 10-year period to be shared suitably after consultations with the Planning Commission.

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