Page 13 - Latest Updates on Climate Change
COP27 loss and damage fund: Is India a net loser?
The recently-concluded Cop 27 relegated realistic climate goals to back seat, and put several developing countries in a tight spot. Will India gain from the newly-established 'Loss and Damage' fund?
 "COP27 loss and damage fund: Is India a net loser?")
EVs lead climate tech funding but more needed for niche solutions: Experts
Climate tech start-ups traditionally require longer gestation periods due to which the sector has not generated strong commercial returns recently
 "EVs lead climate tech funding but more needed for niche solutions: Experts")
COP27 fails to turn off the oil tap as global production hits all-time high
The latest global climate summit has failed to even mention the reduction of fossil fuel usage, a key demand from India, in the final agreement text at Egypt
 "COP27 fails to turn off the oil tap as global production hits all-time high")
Huge impact of CAs on businesses can save the world: Julia Penny of ICAEW
In a Q&A, the head of the apex body of chartered accountants in the UK discusses the challenge of sustainability and other issues her tribe faces across the globe
 "Huge impact of CAs on businesses can save the world: Julia Penny of ICAEW")
Best of BS Opinion: Protecting data privacy, the FTX fraud, and more
Here is the best of Business Standard's opinion pieces for today
 "Best of BS Opinion: Protecting data privacy, the FTX fraud, and more")
COP27 agrees to adopt loss and damage fund but finer details missing
India's call to end all fossil fuels not acknowledged in final draft
 "COP27 agrees to adopt loss and damage fund but finer details missing")
Good and bad news
COP27 does not push forward India's agenda significantly
 "Good and bad news")
Historic compensation fund for poor nations approved at UN climate talks
It is a big win for poorer nations which have long called for cash sometimes viewed as reparations
Climate talks poised for disaster fund deal to compensate poor nations
New Zealand Climate Minister James Shaw said both the poor countries that would get the money and the rich ones that would give it are on board with the proposed deal
UN climate summit: Parties scramble for consensus on key issues in overtime
COP27 president Sameh Shoukry said deliberations continued through the night, but did not result in a clear direction towards a consensus
COP27: Despair, lack of progress at climate talks, yet hope blooms
Hope is the only meaning (sic) that makes us ALIVE! Mohamed Ageez, an Egyptian youth activist wrote
 "COP27: Despair, lack of progress at climate talks, yet hope blooms")
COP27 climate deal hurtle towards overtime, countries mull EU offer of fund
27-country EU said it would back one of the toughest agenda items financing for countries wracked by climate-fuelled disasters
Draft COP27 climate deal shows inaction on loss and damage funding
The "draft text on COP 27's overarching decision" reaffirmed that limiting global warming to 1.5 degrees Celsius requires rapid and deep emission cuts
FM Nirmala Sitharaman to kick-start pre-Budget meetings from Monday
On November 22, Sitharaman would meet agriculture and agro processing industry, representatives from financial sector and capital markets
 "FM Nirmala Sitharaman to kick-start pre-Budget meetings from Monday")
UN Secy, COP27 Prez urge nations to deliver through much-needed pacts
To this end, the COP27 Presidency, with the support of UN-Habitat, convened the first-ever Ministerial Meeting on Urbanization and Climate Change at a UN Climate Change Conference of Parties (COP)
 "UN Secy, COP27 Prez urge nations to deliver through much-needed pacts")
COP27: To decarbonise by 2050, India needs investments of at least $7 trn
And India's progress towards net zero by 2070 will depend on how successful it is in facilitating an orderly transition to a clean economy
 "COP27: To decarbonise by 2050, India needs investments of at least $7 trn")
COP27: India opposes efforts to extend scope of mitigation to agriculture
India made it clear that the world is facing a climate crisis today because of the excessive historic cumulative emissions by the developed nations.
Global assessment reveals huge potential of peatlands as climate solution
These findings are part of the Global Peatlands Assessment, published on Thursday by the UN Environment Programme (UNEP)
 "Global assessment reveals huge potential of peatlands as climate solution")
COP27 summit 2022: Informal draft has little new for poor nations
Focus is on coal 'phase-down', 'phase out and rationalise' fossil fuel subsidies
COP27: Over 200 stakeholders to accelerate zero-emission transportation
A2Z Coalition's partners also work on the acceleration of zero-emission medium and heavy duty vehicles
 "COP27: Over 200 stakeholders to accelerate zero-emission transportation")
