The Mudcat Café TM
Thread #87391 Message #2899574
Posted By: Sawzaw
04-May-10 - 12:41 AM
Thread Name: BS: Where's the Global Warming
Subject: RE: BS: Where's the Global Warming
Rajendra Pachauri, the chair of the Intergovernmental Panel on Climate Change (IPCC), warned that western society must undergo a radical value shift if the worst effects of climate change were to be avoided. A new value system of "sustainable consumption" was now urgently required, he said.
"Today we have reached the point where consumption and people's desire to consume has grown out of proportion," said Pachauri. "The reality is that our lifestyles are unsustainable."
The Golf Links area in Central Delhi where Dr Pachauri lives is named after the nearby Delhi Golf Course and is one of the most expensive residential areas in India. Every home in this gated community has its own security guard and it enjoys round-the-clock police patrols to protect its wealthy residents.
Dr Pachauri’s neighbours include a former prime minister’s son and senior Indian business leaders. Indian steel tycoon Lakshmi Mittal, Britain’s richest man with an estimated £10.8billion fortune, owns a home in the same area.
Currently, homes of a similar size to Dr Pachauri’s are being advertised at prices of around £6million.
Explaining the area’s sky-high property prices, the director of an international property broker told India’s Economic Times: ‘This area has a certain snob value attached to it. Buying a house here means announcing to the world that one has arrived in life.’
The Italian-style home has an ocean view, fountains, six fireplaces, five bedrooms and nine bathrooms.
Former Vice President Al Gore and his wife, Tipper, have added a Montecito-area property to their real estate holdings, reports the Montecito Journal.
The couple spent $8,875,000 on an ocean-view villa on 1.5 acres with a swimming pool, spa and fountains, a real estate source familiar with the deal confirms. The Italian-style house has six fireplaces, five bedrooms and nine bathrooms.