Don’t miss the latest developments in business and finance.

US UN Climate Talks

Most current greenhouse gas removal is achieved by planting trees and managing forests and other natural carbon sinks, which themselves are under considerable threat

Updated On: 19 Jan 2023 | 6:20 PM IST

Agreement on financing one of the most significant steps in UN climate talks in 30 years

Updated On: 23 Nov 2022 | 10:54 PM IST

At least three of the four top emitters of greenhouse gases -- China, the EU and India -- are expected to see faster progress towards a clean energy economy than they have set out in national plans or NDCs, according to a new analysis released on Monday, coinciding with the UN climate summit in Egypt. According to "Global Carbon Budget Report 2022", the top four CO2 emitters in 2021 were China (31 per cent), the US (14 per cent), the European Union (8 per cent) and India (7 per cent). The report, "Big Four: Are major emitters downplaying their climate and clean energy progress?", by the UK-based Energy and Climate Intelligence Unit, suggests interconnected global crises and market mechanisms are driving the shift towards electric vehicles, low-carbon heating and renewables around the world, in particular in those four countries. Rapid price reductions, which make wind and solar power vastly cheaper than fossil fuel alternatives, concerns over energy security and access, and in Europ

Updated On: 14 Nov 2022 | 4:14 PM IST

As the UN climate talks in Egypt near the half-way point, negotiators are working hard to draft deals on a wide range of issues they'll put to ministers next week in the hope of getting a substantial result by the end. The two-week meeting in Sharm el-Sheikh started with strong appeals from world leaders for greater efforts to curb greenhouse gas emissions and help poor nations cope with global warming. Scientists say the amount of greenhouse gases being pumped into the atmosphere needs to be halved by 2030 to meet the goals of the Paris climate accord. The 2015 pact set a target of ideally limiting temperature rise to 1.5 Celsius (2.7 Fahrenheit) by the end of the century, but left it up to countries to decide how they want to do so. With impacts from climate change already felt across the globe, particularly by the world's poorest, there has also been a push by campaigners and developing nations for rich polluters to stump up more cash. This would be used to help developing ...

Updated On: 12 Nov 2022 | 4:56 PM IST

"It's more urgent than ever that we double down on our climate commitments. Russia's war only enhances the urgency of the need to transition the world off its dependence on fossil fuels," he said

Updated On: 11 Nov 2022 | 9:30 PM IST

President Joe Biden is heading to a global climate meeting with a giant domestic investment in tow and he's likely to face questions about how far the US will go to pull other large greenhouse gas emitters along. His attendance on Friday at the UN climate conference, known as COP27, in the resort town of Sharm el-Sheikh, Egypt, is the first stop on an around-the-world trip that will also take him to a meeting of Southeast Asian leaders in Cambodia and a Group of 20 summit meeting for leaders of the world's largest economies in Bali, Indonesia. Biden boarded Air Force One late on Thursday buoyed by a stronger-than-expected showing by the Democratic Party in Tuesday's midterm elections, congressional passage this year of the largest climate investment in US history and Russian military setbacks on the Ukrainian battlefield. At the climate conference, Biden will discuss a new supplemental rule coming Friday that cracks down on methane emissions, a measure that expands on a similar ...

Updated On: 11 Nov 2022 | 7:21 PM IST

The Secretary-General particularly welcomed the United States rejoining the Paris Agreement, re-engagement with the World Health Organization (WHO) and the UN Human Rights Council

Updated On: 12 Feb 2021 | 12:57 PM IST

It also tells the UN it does not support the Sustainable Development goals and targets

Updated On: 01 Oct 2018 | 7:00 AM IST

Earlier this year, Trump withdrew US from the historic Paris climate agreement saying the "draconian" deal unfairly punished America while benefited other countries

Updated On: 16 Nov 2017 | 12:39 PM IST