Climate Deal

The announcement was made during a two-day state visit to Britain by Qatar's emir, Sheikh Tamim bin Hamad Al Thani

The summit had been due to finish on Friday but ran into overtime as negotiators from nearly 200 countries

With time running down, negotiators at the United Nations annual climate talks on Wednesday returned to the puzzle of finding an agreement to bring far more money for vulnerable nations to adapt than wealthier countries have shown they're willing to pay. Pressure was building to drive a deal by the time COP29, as this year's summit is known, concludes this week. COP29 President Mukhtar Babayev asked negotiators to clear away the technical part of talks by Wednesday afternoon so they can focus on substance. That substance is daunting. Vulnerable nations are seeking USD 1.3 trillion to deal with damage from climate change and to adapt to that change, including building out their own clean-energy systems. Experts agree that at least USD 1 trillion is called for, but both figures are far more than the developed world has so far offered. Half the world away in Rio, Brazil, where the Group of 20 summit was wrapping up on Tuesday, the United Nations Secretary-General Antonio Guterres told

Private-sector climate finance accounted for 20 per cent of the funds mobilised till 2022. Accelerating this source of funding will require addressing challenges on multiple fronts

India's Chief Economic Advisor V Anantha Nageswaran has criticised developed countries for their "double standards" on climate action, highlighting the G7's commitment to ending the use of unabated coal power plants only in the first half of the 2030s, despite their high carbon emissions. In the annual economic survey, Nageswaran said it is morally wrong to ask developing countries to abandon their aspirations for better living standards to allow developed countries to maintain their lifestyles in cleaner environments and cooler climates. He argued that economic growth would empower developing countries to better address climate change. Nageswaran said the UN convention on climate change and its Paris Agreement mandate that developed countries provide resources and take the lead in mobilising finance to tackle the global problem. "However, much of the climate action by developing countries has been done through domestic resources, and the emphasis of the developed countries has mai

Expert Council on Climate Issues, which has independent authority to judge the country's climate performance, said Germany is unlikely to meet its goal to cut 65% of greenhouse gas emissions by 2030

India must estimate and publicise the large gap between the commitments of developed countries and their fair obligation for mitigation

The World Wide Fund for Nature (WWF) welcomed the adoption of the Kunming-Montreal Agreement, committing the world to halting and reversing cby 2030

What is climate finance?

Every year, leaders from over 200 nations come under one roof and debate to find out how much the developed nations will contribute towards the climate fund. But what exactly is this fund?

Environment minister Bhupender Yadav says country 'making swift progress' in building such systems

India will also seek clarity on loan availability, credit mechanisms and insurance requirements for adaptation finance

The warming of the earth, combined with the exhausting nature of the game, is raising questions about the future of the second most popular sport in the world

A report by the High-Level Commission on Carbon Prices found carbon prices needed to be in the $50-$100 tonne range by 2030 to keep global heating below 2 degrees Celsius

The differences, after nearly two weeks of negotiations, signalled that it would be difficult for negotiators to reach the sort of sweeping agreement that activists and scientists had urged

Nearly 200 nations will also put in place the crucial rules of the carbon market mechanism and its transparency to ensure its smooth functioning for supporting countries in achieving climate goals

The budget blueprint is expected to be voted on this week in the Senate soon after final passage of Biden's bipartisan $550 billion infrastructure package

India is not ready to join the world's first climate deal to curb pollution from commercial flights because it fears that talks beginning on Tuesday may not lead to a fair agreement, the civil aviation minister said."(We'll decide) once the nuts and bolts become clearer," Ashok Gajapathi Raju told Reuters on the sidelines of an aviation forum. "Until then, our fears are that it is not equitable."The proposed landmark deal, backed by the United States and China, aims to limit rising airline pollution to 2020 levels after it takes effect in 2021, but has been watered down by being made voluntary for the first five years. Countries with a high growth in the sector want more latitude to produce emissions than developed countries, which are growing more slowly but were responsible for generating the bulk of greenhouse gases. Reuters