Paris Agreement

India to pitch for international biofuels alliance at G20, says Puri

India will at the upcoming G20 meeting plans to pitch for a global alliance on biofuels on lines of the highly-successful international solar alliance, Oil Minister Hardeep Singh Puri said on Tuesday. The International Solar Alliance (ISA) was conceived as a coalition of solar resource-rich countries to address their special energy needs and was launched on November 30, 2015 by India and France to implement the Paris Agreement. India, the world's third largest oil-consuming and importing nation, is now pushing for greater use of biofuels extracted from sugarcane, cereals and agri waste as a means to cut reliance on crude oil. "We will utilise our G20 presidency to try and set up an international biofuel alliance like the International Solar Alliance," Puri said KPMG's ENRich 2022 conference here. India is taking over the presidency of the group of 20 major economies, also called G20, and will host a meeting of the member nations in September next year. With nations from Brazil to

No sector, fuel source should be singled out for action: India at COP27

No sector, fuel source or gas should be singled out for action in the fight against climate change, Environment Minister Bhupender Yadav has said at the UN climate summit in Egypt. India had proposed on Saturday that the talks wrap up with a decision to "phase down all fossil fuels". The call received support from the European Union on Tuesday. Participating in a BASIC ((Brazil, South Africa, India and China) ministerial meeting on Tuesday night, Yadav said developing countries should be provided their fair share of the full carbon budget and it can be done by "monetising the carbon debt of the developed countries". "In climate action, no sector, no fuel source and no gas should be singled out for action. In the spirit of the Paris Agreement, countries will do what is suitable as per their national circumstances," Yadav said. India also clarified that just transition cannot mean de-carbonisation for all countries. "For India, just transition means transition to a low-carbon ...

India ranks eighth, moving up two spots on Climate Change Performance Index

In 2022 and 2021, India stood at the 10th spot on the CCPI, while in 2020, it ranked ninth

Top headlines: Twitter Blue likely to be back soon, Nawaz may return to Pak

Business Standard brings you the top headlines this hour

Paris Agreement requires phase down of all fossil fuels: India at COP27

As negotiators from 194 parties started working out a draft cover text at the UN climate summit in Egypt, India on Saturday said meeting the long-term goal of the Paris Agreement requires "phase down of all fossil fuels", sources told PTI. "Natural gas and oil also lead to emission of greenhouse gases. Making only one fuel the villain is not right," a source in the Indian delegation attending the climate talks said. The move paves the way for fierce debates during the second week of talks being held in the resort town of Sharm el-Sheikh from November 6 to 18. Citing the Sixth Assessment Report of the Intergovernmental Panel on Climate Change, Indian negotiators told the Egyptian COP27 presidency that meeting the long-term goal of the Paris Agreement "requires phase down of all fossil fuels". "Selective singling out of sources of emissions, for either labelling them more harmful or labelling them 'green and sustainable' even when they are sources of greenhouse gases, has no basis in

Paris agreement goal requires phase down of fossil fuels: India at COP27

As negotiators from 194 parties started working out a draft cover text at the UN climate summit in Egypt, India on Saturday proposed that the talks wrap up with a decision to "phase down all fossil fuels" including oil and gas, sources said. "Natural gas and oil also lead to emission of greenhouse gases. Making only one fuel the villain is not right," a source in the Indian delegation attending the climate talks told PTI. Indian negotiators told the Egyptian COP27 presidency of climate talks that the basic principles of common but differentiated responsibilities, equity, and nationally determined nature of climate commitments under the Paris Agreement "need to be strongly emphasised in the cover decision text". Citing the Sixth Assessment Report of the Intergovernmental Panel on Climate Change, India said that meeting the long term goal of the Paris Agreement "requires phase down of all fossil fuels". "Selective singling out of sources of emissions, for either labelling them more .

Scientists say global warming beyond 1.5 degrees threshold likely

While exceeding the 1.5-degree limit appears inevitable, the researchers chart several potential courses in which the overshoot period is shortened, in some cases by decades

Energy colonialism, climate reparations: COP27 and key concepts to know

As countries come together at COP27 to take actions on the collective goals under the Paris Agreement and Convention in Egypt, here are the key concepts you must know about

What is COP27, and what issues are expected to be discussed at the summit?

Among other top agendas is the discussion on compensating the poor or developing nations for the 'loss and damage' due to climate change

India to seek clarity on $100 billion climate financing at COP27

Union Minister of Environment, Forest and Climate Change Bhupender Yadav will represent India at the session

Emissions to hit a peak by 2025, demand for fossil fuel to reduce: IEA

Global greenhouse emissions will peak in 2025 as the world goes through a "profound reorientation" in terms of energy use, said the World Energy Outlook 2022 report

Investors commit $7.1 trn of assets in pursuit of 1.5 deg C climate goal

A coalition of pension funds and insurance companies have committed to managing $7.1 trillion of assets in line with the Paris Agreement's goal of limiting warming to 1.5 degrees Celsius

Heatwave in Europe underscores need for action to fight climate change: WHO

As the Europe reels from the effects of a prolonged heatwave responsible for a series of ferocious wildfires regional governments have been urged by WHO to implement the Paris climate agreement

India preparing to submit new climate targets to UN ahead of COP27 talks

India's delay has been striking given Prime Minister Narendra Modi's surprise announcement at COP26 that his country would reach net-zero emissions by 2070

India isn't anywhere near a middle income trap, says Nicholas Stern

'We would not have got a Paris agreement without the enthusiastic participation of India'

WEF 2022: Indian CEOs' alliance to supercharge race to net zero

The Alliance will continue efforts to achieve the vision outlined in the white paper released last year on net-zero

IFSCA invites comments on draft framework on sustainable financial lending

IFSCA has been established as a unified regulator to develop and regulate financial products, financial services and financial institutions in the International Financial Services Centres in India

India on track to achieve Paris Accord and COP 26 commitments: Yadav

India is on track to achieve the Paris Accord and COP 26 commitments in accordance with Prime Minister Narendra Modi's LIFE mantra, Union Environment Minister Bhupender Yadav said on Monday. The minister said he had a productive conversation with United States climate envoy John Kerry and India and the US have agreed to take forward their Climate Action and Finance Mobilisation Dialogue'. Productive phone call with US @ClimateEnvoy Mr John Kerry. We agreed to take forward India-US Climate Action & Finance Mobilisation Dialogue. India is on track to achieve Paris Accord & COP26 commitments in accordance with PM Shri @narendramodi ji's LIFE mantra, Yadav tweeted. At the United Nations' COP 26 held in Glasgow last year, Prime Minister Modi gave a mantra LIFE-Lifestyle for Environment for sustainable development through sustainable lifestyle. The world today admits that lifestyle has a major role in climate change. I propose a one-word movement before all of you. This word is LIFE

World needs to come together to honour 2015 Paris Agreement: Minister

No nation, no matter how big or small, can save the planet alone, Union Environment Minister Bhupender Yadav said

New COP26 draft declaration waters down calls to end fossil fuel use

The COP26, which is due to conclude on Friday, is seen as the world's last chance to reach meaningful commitments to fulfil the goals set out by the 2015 Paris Agreement