ENVIRONMENT
Rich countries agree to establish loss and damage fund at UN climate summit
In a breakthrough in global climate negotiations, wealthy nations have finally agreed to set up a fund to pay damages to vulnerable countries for loss and damage due to climate change, but little progress was made on other critical issues, including a faster phase-out of all fossil fuels
COMMODITIES
India’s developing green hydrogen ecosystem could help in global decarbonisation
Business leaders have responded to India’s policy initiatives on green hydrogen with huge investments to build an ecosystem that could hasten the process of deep decarbonisation
BUSINESS
COP27 | India to push for climate finance as rich countries fail to keep promise
A deal to discuss climate compensation is a good start to COP27 but India is expected to drive a hard bargain as developed countries haven’t provided the promised funds, while the World Meteorological Organization says the planet is now 1.15 degrees warmer
WORLD
COP27 | Climate finance to rule the agenda at the UN summit in Egypt
Emerging and poor economies are also expected to highlight the loss and damage due to climate change, and demand financial resources to mitigate disasters
ENVIRONMENT
Climate change is real and here: Extreme heat shrivels up India’s wheat harvest
The hottest March in 122 years has lowered wheat harvest by at least 15-20 percent, say farmers in Uttar Pradesh; the heat stress has hurt wheat output in Punjab and Haryana, too
