Climate Accords

Adequate, affordable finance a constraint in climate action: Eco Survey

The availability of adequate and affordable finance remains a constraint in India's climate actions, the Economic Survey for 2022-23 tabled in Parliament on Tuesday said. The country's climate actions have so far been largely financed from domestic sources only, including government budgetary support, a mix of market mechanisms, fiscal instruments and policy interventions, it added. While several estimates of the required investments are indicated in the long-term low greenhouse gas emission development strategies (LT-LEDS) report prepared by India, it is important to note that all allude to a need for tens of trillions of US dollars, it said. While India is less responsible for the high stock of emissions, it has consistently engaged in demonstrating global leadership towards adopting various measures and ensuring a low-emission growth pathway, with a commitment to the net-zero emissions goal by 2070, it added. "India's climate ambitions require resources to be dedicated to the ca

'India needs to invest up to $100 bn annually more for 2070 net-zero goal'

Companies in India are already investing $65 billion-$100 billion to cut carbon emission from existing and new capacities

Bill Gates upbeat on climate innovation even if 1.5 deg C goal out of reach

Given "the overall scale of our industrial economy, we're going to have to do mind-blowing work to stay below 2 degrees," he said

UN chief to convene 'no-nonsense' climate ambition summit in Sept next year

UN Secretary General Antonio Guterres on Monday announced that he will convene a no-nonsense climate ambition summit in September next year where countries will have to come with credible and new action plans, with no room for back-sliders, blame-shifters or repackaging of announcements of previous years. Addressing journalists at his end of year press conference here, Guterres said climate change is an area where good news can be hard to find. We are still moving in the wrong direction. The global emissions gap is growing. The 1.5-degree goal is gasping for breath. National climate plans are falling woefully short, he said. Guterres said that going forward, he will keep pushing for a Climate Solidarity Pact, in which all big emitters make an extra effort to reduce emissions this decade in line with the 1.5-degree goal and ensure support for those who need it. There is no doubt that without it, the 1.5-degree goal will soon disappear. I have pulled no punches on the imperative for a

COP27: All eyes on Egypt to steer climate finance towards adaptation

With the summit happening amid Ukraine war and recession fears, budget cuts for climate are apprehended as nations use money to secure energy and development aid shifts towards humanitarian projects

Ensuring resilient energy transition needs to be top-priority: WEF study

The new special edition report by WEF listed key recommendations for governments, companies, consumers and other stakeholders on how to progress the energy transition

'Open mind' on quitting climate accords, says Trump

Trump has called climate change a "hoax" perpetrated by China and threatened to pull out of the agreement