However, the USD 400 million-plus fund is a minuscule portion of the USD 400 billion vulnerable nations will need annually. There's also no clarity yet on whether the voluntary contributions - ranging from USD 17.5 million committed by the US and USD 100 million from the UAE and Germany each - will be renewed next year, and whether they will be given as grants or loans.
Developing countries are falling behind in meeting renewable energy targets. They are also struggling with disruptions in energy supply. The developed world providing incentives to their domestic energy industry will further drive climate finance flows away from the Global South. India must use its credibility in pursuing green actions to speak up against climate iniquities
The 198 states attending the UN climate conference face a Tower of Babel in their attempts to hammer out a common agreement. The most prominent is the schism between the developed world bloc and China, collectively the biggest emitters. There is a culture clash between both sides on the ambitiousness of their green commitments which need urgent resolution
With these statements, India is only strengthening its stand of not phasing out fossil fuels to ensure energy security, while also keeping electricity affordable.
Diversifying portfolios to include sustainable energy assets presents an excellent opportunity for investors to align their financial goals with positive environmental and social impact
ALT EFF 2023, the All Living Things – Environmental Film Festival, from December 1-10, will screen more than 60 documentaries, shorts, features on nature & climate change across cities. Here is a list of some must-watch films
Several world leaders are set to attend the climate action summit to discuss ways to reduce greenhouse gas emissions and effectively combat climate change.
Immediately after the decision to operationalise this fund, the UAE and Germany announced that they would contribute USD 100 million each to the fund.
How many people do you think it takes to hammer out a global climate agreement? 500? 5,000? 50,000? Apparently, the correct answer is 70,000. That’s about how many people are expected to turn up in Dubai over the next few weeks for COP28
It’s beyond time to ask whether COP works as it should. Despite nearly three decades of summits, emissions continue to climb. One clear problem is the voting structure requiring consensus, meaning that all 198 UNFCCC member countries must agree. Overt focus on long-term targets with broad scopes isn't helping either
Prime Minister Narendra Modi will be at COP 28. Among India's priorities at the climate conference are climate finance, loss and damage, promoting the Global Biogas Alliance, and negotiating demands around the cooling pledge and coal phase-down.
Can the COP28 being held in Dubai effectively address the contentious theme of financing and give an impetus to the global crusade against climate change?
When questioned about adjusting their lifestyle to deal with air pollution, 35 per cent mentioned that they stopped outdoor activities such as exercising and running, while 30 per cent began wearing masks outdoors.
This year the rotating presidency is held by the United Arab Emirates and COP28 will be held at the Expo City in Dubai
The Centre on Tuesday ordered the revocation of restrictions under GRAP Stage-III in the entire NCR with immediate effect following an improvement in the air quality.
As an ardent advocate of the Global South, India must harp on the fact that denying developing countries greater latitude on clean energy transition could hinder their ability to become energy secure, achieve rapid and inclusive growth, and promote the economic security of their citizens
India still relies on coal for 70 percent of its energy needs while renewables are facing multiple challenges. India has an opportunity to take the lead in a transition to cleaner ultra-supercritical coal power plants and deploying carbon capture utilisation and storage tech, which can potentially trap 90 percent of carbon emissions
As the global community convenes for COP28 in the United Arab Emirates, India must once again assert itself in climate negotiations, emphasising the collective objectives that demand our shared focus during the summit
Divisions are running deep before COP28 begins. There’s been no firm commitment from developed nations for an immediate and notable financial contribution. Developing countries want developed ones to provide at least $100 billion worth of annual financing by 2030
While the country’s carbon emissions are projected to go into a structural decline, new coal project approvals are soaring
The UN says that human-caused methane emissions could be reduced by as much as 45 per cent by 2030.
Negotiations at the annual UN summit in the United Arab Emirates will hinge on ways to mobilise finance to tackle the climate emergency, but talks are expected to be contentious on issues like phasing out planet-warming fossil fuels.
Climate-action funds are essential to facilitate the transition from brown assets to green, and towards sustainable practices, renewable energy adoption, and the development of carbon capture technologies. India-focused climate funds can support the development and implementation of climate-resilient infrastructure, renewable energy projects and initiatives aimed at enhancing adaptation capabilities
The metal at the heart of zero-carbon reactors and zero-civilisation warheads has so far this year beat every member of the Bloomberg Commodity Index, except orange juice, rising 68%. Uranium offers a perfect distillation of a world that is heating up and a world order that is breaking down. Plus a market eager to capitalise on both
China is likely to produce half the world’s steel and coal this year, and emit more carbon than every developed nation put together. Even adjusting for its huge population, it now consumes more energy and generates more pollution per person than most countries in western Europe