Union environment minister Bhupender Yadav met COP30 President Andre Correa do Lago on September 1 to discuss the agenda for the upcoming climate conference to be held in Brazil in November.
It stated that coal has an important role to play in India’s sustainable development as relying primarily on renewable energy will make electricity unaffordable for the masses.
As the second wave ebbs in India and the regional lockdowns are eased, will the economy rebound in similar fashion?
Consultancy EY said the cost of equity has remained constant even as interest rates declined over a period of time.
The negotiations, that began here on July 13 with 196 member countries as participants, have seen a clear divide on the position of developed and developing countries on various issues being debated including setting up of a baseline for phasing down of Hydrofluorocarbons (HFCs) to reduce global warming.
"India provided leadership not just to protect interests of developing and less developed countries, but to balance the deep concerns of future generations with climate justice, equity and fairness for all," the Ministry of Power said in a statement, quoting Mr Goyal.
Amid reports that it would be singled out over its plans to expand coal usage to meet its energy demands, India made it clear that development of solar and wind energy will remain its first commitment followed by hydro and nuclear power while the rest will be from coal.
BJP leader and former finance minister Yashwant Sinha supported the steps taken by the Reserve Bank of India to curb inflation. He said the RBI was forced to hike rates as the government had abandoned its responsibility of controlling inflation.
Goldman said in a note "although the mood in markets has turned more optimistic, we still encounter nervousness about the capacity for the outlook to remain positive."
Developed countries are dumping low technology on developing nations resulting in lack of conducive environment for higher learning, research and indigenous production, said senior scientist and BrahMos CEO Sivathanu Pillai