Page 4 - Cop27

COP27: Initiative to address water security, climate impacts launched

The initiative will champion inclusive cooperation to address water related challenges and solutions across climate change adaptation

Climate finance, tech needed to promote trust, transparency: India at COP27

Access to climate finance and technology in developing countries is a "must-have" to protect the earth and humanity from apocalyptic changes, India said at the ongoing UN climate summit in Egypt on Monday. Making an intervention at the High-Level Ministerial Dialogue on Climate Finance at COP27, Union Environment Minister Bhupender Yadav said a clear definition of climate finance is needed to promote transparency and trust in all multilateral discussions to address climate change. "Access to finance and technology in developing countries is a must-have if we expect to protect our earth and ourselves from apocalyptic changes. The commitment made by the developed countries to mobilise USD 100 billion from diverse sources by 2020 was a meagre amount and remains unachieved till now. The current needs of developing countries are estimated to be in the order of trillions," a statement quoted him as saying. At COP15 in Copenhagen in 2009, developed countries had committed to jointly ...

Best of BS Opinion: Crypto meltdown, forced transmission, and more

Here are the best of Business Standard's opinion pieces for today

Global cooperation is not necessary to fight climate change

Efforts to strengthen multilateral cooperation on climate change are likely to be futile. But competitive technological progress, even if promoted by protectionist policies, could save the planet

COP27: India says developed nations must take lead in raising ambitions

India on Monday firmly resisted calls for developing countries to raise ambitions at the ongoing UN climate summit in Egypt, saying "goalposts are being shifted constantly" while rich nations have "enormously" failed in delivering the technology and financial resources needed for low-carbon development. Making an intervention at the "Ministerial High-Level Roundtable on Pre-2030 Ambition", Union Environment Minister Bhupender Yadav said the developed countries must take the lead in raising ambitions as the bulk of finance and technology is available with them. "The convention (UNFCCC) and the Paris Agreement both recognise this, but we have not had adequate action," he said. Yadav said the historical cumulative emissions of countries should be the measure of their responsibility to raise ambitions and the target set by some developed nations that they "must reach net zero even before 2030 and 2050 is not enough at all". India said not delivering financial resources to developing ..

COP27: Biofuels and green H2 to power India's low-carbon growth

Minister outlines plan for carbon reduction

India submits long-term low emission development strategy at COP27

The emission strategy also envisages maximising the use of green hydrogen fuel to drive the low carbon development of the transport sector

LIVE Updates: CPI-based inflation eases to 6.77% in Oct vs 7.41% in Sept

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Climate debt-trap risks pushing vulnerable emerging markets to brink

Rising global borrowing costs are denting the finances of some of the most climate-vulnerable countries right when they most need money to fight the devastating impacts of global warming

India expected to see faster progress towards clean energy economy: Report

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

COP27: Climate talks head into final week; plenty of uncertainty left

Global climate talks in Egypt headed into their second half on Monday with plenty of uncertainty left over whether there will be a substantial deal to combat climate change. Tens of thousands of delegates from nearly 200 countries, observers, experts, activists and journalists, returned to the conference zone in the Red Sea resort of Sharm el-Sheikh after a one day break. The UN's top climate official appealed for constructive diplomacy to match the high-flying rhetoric heard during the opening days of the talks. Let me remind negotiators that people and planet are relying on this process to deliver, UN Climate Secretary Simon Stiell said. Leaders asked for action. Let's use our remaining time in Egypt to build the bridges needed to make progress, Stiell added, citing the goals of limiting global temperature rise to 1.5 Celsius (2.7 Fahrenheit) as agreed in the Paris climate accord, adapting to climate change, and providing financial aid to vulnerable nations trying to cope with it

COP27: Big polluters talking, voices of climate vulnerable stifled

There is work being done to put a draft cover text which will be the main outcome text and will capture the main issues which will be presented for resolution at the end of COP27 scheduled close

COP27: Carbon credit revival a likely boon for developing nations

But 'greenwashing' fears abound

Top headlines: FY24 direct tax target, PM visits Bali, COP27 meet, and more

Business Standard brings you the top headlines this hour

UN probes Egypt police misconduct claims at international climate talks

The United Nations says it is investigating allegations of misconduct by Egyptian police officers providing security at this year's international climate talks. This follows claims that attendees of events at the German pavilion for the COP27 summit were photographed and filmed after Germany hosted an event there with the sister of a jailed Egyptian pro-democracy activist, Alaa Abdel Fattah, who also holds U.K. citizenship. In a statement provided Sunday to The Associated Press, the U.N. climate office confirmed that some of the security officers working in the part of the venue designated as United Nations territory come from the host country, Egypt. This was due to the scale and complexity of providing security at a large scale event" such as the COP27 climate talks, the global body said. It added that their work takes place under the direction of the operations of the U.N. Department for Safety and Security (UN DSS). The security officers provided for this COP by the host countr

COP27: India thwarts attempt to club it with historical polluters

Supported by other developing countries, India blocked an attempt by rich nations to focus on all top 20 emitters of carbon dioxide during discussions on the 'Mitigation Work Programme' at the ongoing UN climate summit in Egypt, sources said on Monday. During the first week of the climate talks, developed countries desired that all top 20 emitters, including India and China, discuss intense emission cuts and not just the rich nations which are historically responsible for climate change, they said. There are developing countries in the top 20 emitters, including India, that are not responsible for warming that has already occurred. According to the sources, India pushed back the attempt with the support of like-minded developing countries, including China, Pakistan, Bangladesh, Sri Lanka, Nepal and Bhutan. The "MWP should not lead to the reopening of the Paris Agreement" which clearly mentions that climate commitments of countries have to be nationally determined based on ...

At COP27 climate talks, slow progress stokes worry over final deal

With a long list of demands for COP27, country delegates said there had been little progress so far on the technical details of how to deliver on deals and pledges made in previous years

COP 27: Confidence of investors key to meet climate goals, says India

Leena Nandan strongly emphasised the need for information dissemination to strengthen communities for adaptation readiness

Statsguru: From net-zero target to forest cover, India's climate standing

The Emissions Gap Report 2022 showed India's per capita carbon dioxide emissions in 2030 will be nearly the same as its Nationally Determined Contribution (NDC) target

'Greening' of coal: A peek into India's evolving stance towards emission

The war in Ukraine has forced India to review its plans to scale back the fuel in the overall energy mix