The National Designated Authority (NDA) will help India access international climate finance and carbon markets. It is likely to also help position India better as it has proposed to host the United Nations climate summit (COP 33) in 2028.
The categorisation of climate-related outflows and financial efforts by multilateral development banks as contributions to the $300 billion goal would include contributions from developing countries, which is against the Paris Agreement, MoS Kirti Vardhan Singh told the Parliament.
The US alone accounts for over 50 percent of the pledged funding to the Green Climate Fund, which is the world’s largest climate fund. Other stakeholders now face a pivotal moment. They have to find a way to offset the exit of the most influential country in the funding mechanism
Sea level of the Indian Ocean is going up by 1.7 mm a year, while the north Indian Ocean is rising at an even faster rate of 3.3 mm a year, the Union minister for Earth Sciences has said
Sinha said the Union Budget for FY26 aims to achieve high-impact growth while keeping the fiscal deficit within the 4.4 percent target, ensuring macroeconomic stability
The exit from the Paris Agreement and ending support to EVs risks leaving US auto-makers behind and climate change mitigation-related technology, cementing China’s lead in these markets
The cost of deploying solar panels and battery technology is expected to go down 19 percent by 2030, helping deliver record amounts of low-carbon power, setting the stage for a 2.2-fold growth for renewables
The way ahead must be based on equity and climate justice, let us implement the Paris Agreement in letter and spirit through the Global Stocktake process, Environment Minister Bhupendra Yadav said.
If plans were implemented to phase down coal to limit global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit), only 250,000 miners - less than 10 percent of the current workforce - would be required worldwide, the GEM report stated.
The team, led by researchers at the University of East Anglia (UEA) and the University of Cambridge, UK, found that deferring green investments will increase costs of borrowing for nations, which will translate into higher costs of corporate debt.
Detailed negotiations like those taking place currently at Bonn typically involve countries taking positions and countering the to-do lists that they direct at each other
The Earth could overheat within the next decade. To prevent it, global cooperation, a lot of money and sweeping changes are needed.
A report, prepared under the aegis of the World Bank, highlights the catastrophic impact of climate on India while citing investment opportunities that the crisis throws up. But where will the finance come from to give shape to such opportunities?
COP27 is being held in Egypt on from November 6 to 18.
The EU, the world's third-biggest emitter, has pledged to cut its net emissions by 55% by 2030, from 1990 levels - one of the most ambitious goals among major economies.
Two reports say it's more than high time for India to boost climate mitigation and adaptation measures to meet the challenges.
Here's an explainer on how both the Energy Conservation Amendment Bill and revised Nationally Determined Contribution towards climate change are aimed at achieving the country’s ambitious targets to work towards climate action.
Essentially, anything that absorbs more carbon than it emits into the atmosphere through natural or artificial processes can be considered a carbon sink.
"We think the new climate goals will be difficult to achieve without significantly compromising India’s stated economic targets and its ambition to become a $5 trillion economy by 2024/25. Indeed, it may not even be possible,” Oxford Economics said.
The meeting between Modi and the American business magnate, whose foundation is focusing on fighting the COVID-19 pandemic, took place after the former launched the Initiative for the Resilient Island States (IRIS) for developing infrastructure of small island nations.
The contentious issue of funding loss and damage is no longer on the official negotiating agenda for COP 26, but that has not deterred the group of 45 nations, including civil society, from renewing their call for funding for loss and damage at the summit
India barely makes it to the list of top 100 countries in terms of per capita emissions and its per capita energy use is less than half the world average, Sitharaman said in her address to the International Monetary and Financial Committee.
.Secretary (West) in the Ministry of External Affairs Reenat Sandhu said here that the issue of climate change is being discussed in a focussed manner by the United Nations in the relevant mechanisms and whether it is climate change, bio-diversity, desertification or others, mechanisms have been put in place to take further action.
India's per capita emissions are an eighth of those of the United States and less than a third of China's.