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An interactive timeline chronicling the major milestones in the history of climate negotiations
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With only 125 days to go for the 2023 Dubai event of the United Nations Climate Change Conference or Conference of the Parties of UNFCCC, referred to as COP 28, the leaders urged the G20 nations to lead the way in delivering a positive outcome on mitigation at the COP28 climate conference this year.
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The report titled 'WMO Provisional State of the Global Climate 2022' released at the 27th Conference of Parties to the UNFCCC on Sunday stated that the rate of sea level rise has doubled since 1993 and has risen by nearly 10 mm since January 2020 to a new record high this year.
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Although developed countries say they are on track to fulfilling the 12-year-old pledge by 2023, analysis of available data suggests that their numbers may be inflated.
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The global carbon budget is the total amount of carbon dioxide (CO2) emissions permitted over a period of time while still having a chance to limit warming to 1.5 degrees Celsius above pre-industrial (1850-1900) levels.
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The Climate Neutral Now Initiative encourages and supports interested stakeholders to act now in order to achieve a climate neutral world by 2050, as per the Paris Agreement.
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India had suggested that it will address all fossil fuels in an equitable manner, but that would place most of the burden squarely on the US and rich countries.
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Sources say that it will also not begin the mechanism to push out cash until at least end 2022, under optimal conditions.
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REDD+ (reducing emissions from deforestation and forest degradation) aims to achieve climate change mitigation by incentivising forest conservation.
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"On October 5, 2016, the threshold for entry into force of the Paris Agreement has been achieved," the UNFCCC announced on its website.
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The global climate summit in Paris forged a landmark agreement on Saturday, setting the course for a historic transformation of the world's fossil fuel-driven economy within decades in a bid to arrest global warming.
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The climate change conference came out with an ambitious final draft of a deal that proposes limiting global warming to "well below" 2 degrees Celsius and committing USD 100 billion a year from 2020 to help developing countries in coping with the problem.
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Submitting its 'climate action plan', India has pledged to cut its carbon emission intensity by 33-35 percent and increase the share of renewable energy by a massive 40 percent in its total energy mix by 2030.
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An official statement said that Environment Minister Prakash Javadekar will announce its Intended Nationally Determined Contributions (INDCs) on Friday.
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India on Monday said investment flows -- which can have green benefits -- cannot be treated as climate finance, that should ideally come from public funding or there should be a subvention for industries to adopt climate-friendly technologies.
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India launched its National Action Plan on Climate Change in 2008 and is currently revisiting National Missions in the light of new scientific information and technological advances. Coal cess has been doubled to Rs 100 per tonne in 2014.
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The Anil Dhirubhai Ambani-led group company Reliance Power says it is the world's largest concentrated solar power project ever registered with the Clean Development Mechanism Executive Board.
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India is spending over 2.6% of it's GDP to deal with challenges of climate change and wants rich countries to honour their financial commitments to address green issues, according to a Finance Ministry paper.
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In an interview to CNBC-TV18, Suren Jain, the managing director of Jaiprakash Power Venture spoke about the latest happenings in his company and sector. Below is an edited transcript of his interview. Watch the accompanying video for more.
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JP Chalasani, CEO of Reliance Power told CNBC-TV18 that he expects carbon credits to start accruing from January 2013. He also values the certified emission reductions (CERs) at Rs 2,000 crore for 10-years. “At 15 euro if you sell it, it’s about Rs 2,000 crore. It depends upon what price you get at that point of time.
