The World Meteorological Organization’s State of the Climate in Asia 2024 report warns that the region is warming nearly twice as fast as the global average, driving more extreme weather and posing serious threats to lives, ecosystems, and economies. In 2024, Asia experienced its warmest or second warmest year on …
Before the Green Climate Fund (GCF) considers the role of the private sector in meeting the climate finance needs of developing countries, it should first ask: what are the needs of the people living in those countries as they confront the climate crisis, especially the poorest and most vulnerable? Second, …
Agreeing to a second commitment period without meaningful rules is pointless. Emission cuts must be ambitious The 18th Conference of Parties (COP) to the United Nations Framework Convention on Climate Change began last Monday in Doha. This is an important “transitional” COP towards a brand new agreement that promises to …
This report examines the current role of climate finance in funding EE projects and the potential to channel funds to relevant EE projects in developing countries under the new Green Climate Fund (GCF). The objectives of the report are to examine: the share of climate finance currently being channelled to …
Doha marks the first stop on a roadmap to a post-2020 climate regime. The European Union could pave the way by building bridges with partners in key areas such as mitigation ambition, adaptation finance and deforestation.
The finance ministry has set up a unit dealing with the issue of financing climate change under the department of economic affairs. The unit, to be headed by chief economic adviser Kaushik Basu, would work as the nodal agency in the finance ministry on all matters relating to climate change. …
From 2020 on, an annual $ 100 billion is to be made available to developing countries so they can adapt to climate change and mitigate the phenomenon. The long-term commitments of donor governments are fuzzy, however. So far, there are no coherent pledges for the next seven years. Saleemul Huq …
The Adaptation Fund was established to fund specific projects that developing countries undertake in order to adapt to climate change. The Fund is now fully operational, and a number of projects are underway. In many ways, the Adaptation Fund is a model for other climate funds. Its own future is …
The government should set up a 'green fund' by imposing 5% forest development tax on sale of forest products and 3% forest conservation tax on sale of petroleum products and coal mining, the 12th Five-Year Plan working group under Planning Commission on natural resources has recommended. Another sub group working …
The two-day 10th BASIC Ministerial Meeting of Brazil, South Africa, India and China on climate change, which concluded on Tuesday, expressed concern over the European Union’s decision to impose carbon tax on airlines flying in its airspace. They termed the inclusion of international aviation in the European Union Trading Scheme …
The government on Tuesday clarified that India will not sign any legally-binding global agreement for emission reduction. Union environment minister Jayanthi Natarajan informed the Rajya Sabha that the country will not be signing any legally-binding norms as the country needs to eradicate poverty through economic growth. “There is no question …
India will not sign any legally binding global agreement for emissions reduction, as the country needs to eradicate poverty through economic growth, Environment Minister Jayanthi Natarajan said today. "There is no question of signing a legally binding agreement at this point of our development. We need to make sure that …
India will not sign any legally binding global agreement for emissions reduction, as the country needs to eradicate poverty through economic growth, Environment Minister Jayanthi Natarajan said on Tuesday. “There is no question of signing a legally binding agreement at this point of our development. We need to make sure …
Emission reduction certificate prices at record lows, reflect question marks on the climate change policy. To the surprise of the carbon trading market, prices of carbon emission reduction (CER) certificates traded on the Intercontinental Exchange have been sliding even after last week’s global deal on future emission reduction. CER prices …
SAIL, ONGC, Adani Power, Delhi Metro among gainers. The Indian industry has reasons to cheer the outcome of the just-concluded Durban climate change talks, which announced the extension of the UN carbon market beyond 2012. Private sector firms as well as public sector units such as SAIL, ONGC and even …
Principle Of Equity Must In Future Talks New Delhi: The Durban climate talks finally ended more than 36 hours after the scheduled close on Sunday with the world agreeing to a new global climate change regime that will come into effect from 2020. India took centrestage as a force to …
However, Durban meet also reveals resistance of rich countries to sharing ecological and economic space with developing nations The Durban climate change conference — the 17th conference of parties — has ended, after grueling and acrimonious negotiations on how the world would cut carbon dioxide emissions that are linked to …
The Durban Conference on Climate Change finally ended on the wee hours of Saturday after running for over 24 hours beyond schedule. By Friday, the two-week meeting being held at the International Convention Centre in Durban, had broken down into the ministerial-level huddles - small groups of top leaders meeting …
Sunita Narain in Durban The Durban Conference on Climate Change finally ended on the wee hours of Saturday after running for over 24 hours beyond schedule. By Friday, the two-week meeting being held at the International Convention Centre in Durban, had broken down into the ministerial-level huddles - small groups …
With Durban talks unlikely to arrive at any binding deal on climate change, efforts are on to translate the Green Climate Fund (GCF) into a reality. The GCF is a $100 billion annual fund to be dispersed annually to help poor nations fight the effect of climate change from 2020. …
Politics of climate negotiation is expected to reach a crescendo tomorrow when the Durban talks enter the last leg of deliberations. With only one day to go and no major decision surfacing from almost two-week long parleys, uncertainty is looming large over the outcome of the talks. Belying initial hopes, …
