Climate Change Project

COP29: Talks in Baku make progress on climate funding as deadline nears

Distractions were bigger than deals in the first week of United Nations climate talks, leaving a lot to be done, especially on the main issue of money. In week one, not a lot of progress was made on the issue of how much money rich countries should pay to developed ones move away from dirty fuels, cope with rising seas and temperatures and pay for damage already caused by climate-driven extreme weather. But more is expected when government ministers fly in for week two to handle the hard political deal-making at the negotiations known as COP29 in Baku, Azerbaijan. Countries remain about a trillion dollars a year apart in the big number to be settled. All the developing countries look very united behind USD 1.3 trillion. That's not a ceiling. That's what they want. That's what they think they need, said Debbie Hillier, policy lead at Mercy Corps. The U.S. and Canada are constantly talking about a floor of USD 100 billion.... So you've got USD 100 billion at one end and USD 1.3 ...

CFA bats for enhanced climate accountability measures in RBI's draft norms

Says clarity and specificity are needed to ensure effective implementation and compliance with disclosure requirements

Investor climate group eyes assets in private equity, sovereign debt

The Net-Zero Asset Owner Alliance members are being asked to include assets like private debt and equity in their emissions reductions strategy

India a global force multiplier in climate change fight: PM lauds TERI

Celebrating TERI's 50 years since it was established, Dr Vibha Dhawan, Director General, TERI said that the institution has tirelessly dedicated efforts to mainstream sustainability

Wild weather in Australian states of Queensland, Victoria leaves 9 dead

At least nine people have died in wild weather in the Australian eastern states of Queensland and Victoria, officials said on Wednesday. Three men were killed after a boat with 11 people aboard capsized in rough weather in Moreton Bay off the south Queensland coast on Tuesday, police said. Ambulances took the eight survivors to hospital in stable conditions. A 59-year-old woman was killed by a falling tree at the Queensland city of Gold Coast on Monday night. The body of a 9-year-old girl was found on Tuesday in the neighbouring city of Brisbane hours after she disappeared in a flooded stormwater drain. The bodies of a 40-year-old woman and a 46-year-old woman were found in the Mary River in the Queensland town of Gympie. They were among three women swept into the flooded river through a stormwayter drain on Tuesday. Another 46-year-old woman managed to save herself. Queensland Police Commissioner Katarina Carroll blamed extraordinarily difficult weather for the tragedies. It ha

A climate crucible: The stage is set for a heated COP28 summit in Dubai

As the year of stocktaking of the Paris Agreement records historic high temperatures

Amazon nations seek support on climate change, urge developed countries

Eight Amazon nations called on industrialized countries to do more to help preserve the world's largest rainforest as they met at a major summit in Brazil to chart a common course on how to combat climate change. The leaders of South American nations that are home to the Amazon, meeting at a two-day summit in the city of Belem that ends Wednesday, said the task of stopping the destruction of the rainforest can't fall to just a few when the crisis has been caused by so many. The members of the Amazon Cooperation Treaty Organization, or ACTO, are hoping a united front will give them a major voice in global talks. The forest unites us. It is time to look at the heart of our continent and consolidate, once and for all, our Amazon identity, said Brazilian President Luiz Incio Lula da Silva. The calls from the presidents of nations including Brazil, Colombia and Bolivia came as leaders aim to fuel much-needed economic development in their regions while preventing the Amazon's ongoing dem

COP27: To decarbonise by 2050, India needs investments of at least $7 trn

And India's progress towards net zero by 2070 will depend on how successful it is in facilitating an orderly transition to a clean economy

COP27 what to watch: Climate progress hinges on crucial week two

Here's how week one went down and what to expect from the rest of this year's UN climate summit

Sitharaman, Yellen urge bilateral cooperation amid geopolitical uncertainty

Visiting US official speaks about 'shared goals' on climate change, debt burden of developing countries

World slips on deforestation, loses cover equal to Ireland's area in 2021

Global gross deforestation amounted to 6.8 million hectares in 2021 with 3.9 giga-tonnes of CO2 equivalent of associated GHG emissions

India's focus is on green growth and green jobs, says PM Narendra Modi

'Now, the focus of the country is on growth, on green jobs. And to achieve all these goals, the role of the environment ministry of every state is enormous'

India to push big for multilateral reforms of WTO, IMF as G20 Chair

Focus will also be on climate justice, green financing

India to replace diesel by renewable energy in agriculture by 2024: Govt

Union Power Minister R K Singh on Friday said that India will achieve zero-diesel use in agriculture and replace the fossil fuel with renewable energy by 2024. The minister held a virtual meeting with the officials of the Ministry of Power and Ministry of New & Renewable Energy, Additional Chief Secretaries and Principal Secretaries of Power or Energy Departments of states & UTs to discuss their role in achieving India's energy transition goals and meeting climate commitments. The minister asserted that India will replace diesel with renewables to achieve target of zero-diesel use in the agricultural sector by 2024, a power ministry release stated. Addressing the meeting, Singh stressed the need for collaborative efforts between the Central and State Governments towards the large-scale deployment of energy efficiency measures in potential sectors of the economy. He emphasised the need to have a state-specific agency dedicated for energy efficiency and conservation. He urged ...

UN faces $100-trn shortfall in fight against climate change, inequality

Adding the costs of financing the global transition to a low-carbon economy to limit global warming, and total funding out to 2050 comes in at $200-$220 trillion

Climate change financial 'stress tests' need improving, global body says

Key challenges have been the much longer time horizons required to assess vulnerabilities to global warming compared to traditional stress tests

UN agency faces corruption, fraud allegations at climate projects: Report

"Issues identified by the audit could seriously compromise the achievement of the objectives of the audited entity," the report said

IKEA to spend 200 mn euros to cut carbon emission, turn 'climate positive'

In September Ingka Group, which owns most IKEA stores, pledged to exceed its 2020 target to produce as much renewable energy as the energy it consumes by the year's end

With India isolated, Pakistan climate change project gets approval at Green Climate Fund

Another independent assessment of project imposed as a new condition