Category: Recent Post

The US is to join with other major powers including China, India and the EU in formulating plans for a global green recovery from the coronavirus crisis, in the only major international summit on the climate emergency this year. The idea of a green recovery to prevent a dangerous rebound in greenhouse gas emissions to above pre-Covid-19 levels has been gathering steam, but few governments have yet committed to plans. If they fail to do so in the next few months, the economic recovery from the Covid-19 crisis risks locking in high carbon…

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India’s crude oil production fell 7.1% in May 2020 compared to May 2019 on the back of low demand due to the Covid-19 pandemic. Domestic production of crude has, however, been falling every year since FY 2012. Annual crude oil production has fallen at a compounded annual rate of 2.1% since to 32,169.3 thousand Metric Tonnes (TMT) in FY 2020 from 38,089.7 TMT in FY 2012. This has led to a steady climb in the proportion of imports in domestic crude oil consumption from 81.8% in 2012 to 87.6% in 2020. Why…

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The pandemic has presented an unprecedented challenge to the global economy. But to restaurants and bars the threat is nothing short of existential. A recent survey released by Yelp queried some 24,000 establishments that had shuttered during the coronavirus lockdown. Shockingly, it found that more than half—a full 53%—will be shuttered permanently. Things were looking a touch more promising in early June, when most states across the country began a measured reopen of restaurants and bars. But an alarming surge in new cases prompted large states like Texas and Florida to reassess.…

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