The global political architecture is undergoing a transformation with power increasingly shifting from the West to the East, according to most political observers. The two most populous nations, China and India, are on their way to becoming economic powerhouses and are shedding their reticence in asserting their global profiles.
The Stern Review on the Economics of Climate Change and India's Position
Sir Nicholas Stern, former chief economist of the World Bank and head of the British government's economic service, and his team submitted the report titled The Economics of Climate Change in October 2006. The report consolidates the research on the scientific evidence of climate change and concludes that evidence is now overwhelming: climate change is a serious global threat.