Tip: Make Decisions when Mind is Balance because Emotions influence decision-making process

"Prof Aditya Murthy from Indian Institute of Science, Bangalore and Prof Vinod Venkatraman from Fox School of Business, Temple University, Philadelphia spoke on issues related to perceptual decision making systems and cognitive control during decision making. According to Dr Vinod, complex economic decisions, whether investing money for retirement or purchasing some new electronic gadget, often involve uncertainty about the likely consequences of our choices. He demonstrated, through his studies, that certain areas of the brain contribute to the strategic control in complex decision making, exploring which can also help in understanding interaction in social contexts."

'via Blog this'‘Emotions influence decision-making process’ - The Times of India:

Australia: Turning Algae from CO2 into Fuel. CO2 is not released into atmosphere, but it's going into a renewable source

"A lot of countries worldwide are facing taxation on the carbon dioxide pollution they emit, and many companies are looking to alternative companies like Algae Energy to help do something about it. "If a company is facing millions of dollars of taxation, they will think of an alternative not to face excess taxation," he said. The algae system is known as a closed loop system. A 40-foot shipping container module can be sent anywhere in the world, equipped with power and plumbing. Once algae is grown and harvested, it can be used to create oil. Another product is biomass, which can be used in burning, as in coal, and feedstock in cattle. "Even the byproducts of the unit is a sustainable solution," McConchie said. The company has been growing as fast as its algae. The company went public January 2011 in the Australian Stock Market and has recently been added to the Frankfurt Stock Exchange. In the New York Stock Exchange, they are traded under Foreign Depositories.
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'via Blog this'Turning algae from carbon dioxide into fuel: Algae is nothing more than a plant. You need water, nutrients and carbon dioxide, and that's basically what Algae Energy uses to grow its system. Headquartered in Perth, Australia, in April the company opened a research and development and analysis facility in Cumming, 2460 Industrial Park Boulevard. Tray McConchie, business manager for Algae Energy, said technology, laboratory testing and fabrication of the company's modules are done in Cumming.

China & India: Will devise a new Global System for curbing emissions of greenhouse gases and make it operational by 2020

Free Markets, Carbon Tax Best Way to Fight Climate Change: View - Businessweek: "The best instrument for coordinating climate-change efforts is the price of carbon. The impact of any carbon-abatement plan -- emission quotas, cap and trade, carbon taxes -- can be measured by its effect on this price. The aim should be to equalize worldwide a gradually rising price of carbon. As a matter of practical politics, this flexibility is essential. It would allow governments to more easily tailor their climate-change policies to political and economic circumstances, altering them on the run if need be. The price of carbon would provide an international gauge of their abatement efforts, so that peer pressure could be brought to bear. For most countries, the simplest and clearest way to hit the price target would be with an outright carbon tax. The economic benefits are well known: By letting markets work, a tax achieves a given amount of emissions abatement at the lowest cost. The world needs to cap its greenhouse gas emissions, but there’s no obligation to do this in the most expensive, painful or disruptive way."

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