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World Bank to boost climate financing share to 45%, broaden climate debt clauses

By Valerie Volcovici DUBAI (Reuters) -World Bank President Ajay Banga said on Friday the development lender will devote 45% of its annual financing to climate-related projects by 2025, up from a

Brazilian state launches mandatory tracking of cattle to stop deforestation

By Ana Mano SAO PAULO (Reuters) - Brazil's Para state, which leads the country for the highest levels of Amazon rainforest destruction, will launch a mandatory program to track cattle in a bid to

Vietnam, at COP28, details plan to use $15.5 billion funding to cut coal use

DUBAI (Reuters) - Vietnam's Prime Minister Pham Minh Chinh said on Friday that his country has forged a plan with G7 governments and lenders for how it would use an agreed multi-billion dollar cash

Germany’s Scholz announces Climate Club to help developing countries cut industry emission

BERLIN (Reuters) - German Chancellor Olaf Scholz on Friday announced the launch of an international club to help developing nations invest in decarbonising hard-to-abate industries like steel, cement

Spain to contribute 20 million euros to climate disaster fund – PM Sanchez

DUBAI (Reuters) - Spanish Prime Minister Pedro Sanchez said on Friday his country will increase its contribution to the climate disaster fund by 20 million euros. Sanchez made the announcement during

UAE president announces $30 billion fund to bridge climate finance gap

By William James DUBAI (Reuters) -United Arab Emirates President Sheikh Mohammed Bin Zayed Al Nahyan, whose country is hosting the COP28 climate summit, announced on Friday a $30 billion climate fund

Japan to stop building unabated coal power plants, PM Kishida tells COP28

TOKYO (Reuters) - Japan will stop building new coal power plants that do not have emission reduction measures in place, Prime Minister Fumio Kishida told the COP28 climate summit in Dubai on Friday. "

Exclusive-At COP28, donors join IFC to lure $11 billion in climate cash

By Simon Jessop and Tommy Wilkes DUBAI (Reuters) - Some of the world's biggest charities have joined forces with the World Bank's private investment arm in a climate financing venture to try to

Italy pledges 100 million euros to COP28 climate damage fund, PM Meloni says

By Giuseppe Fonte and Angelo Amante ROME (Reuters) - Italy will provide 100 million euros ($108.91 million) to a new fund to help poor countries cope with "loss and damage" due to climate change,

Germany’s climate commitments uncertain amid budget crisis – COP envoy

BERLIN (Reuters) - Many of Germany's future international climate commitments are uncertain amid a budget crisis that has frozen government finances in Europe's biggest economy, a government

On Camera

‘Trade, not aid’—Narasimha Rao’s 1991 reforms speech that changed India’s economic landscape

On 9 July 1991, then-PM PV Narasimha Rao addressed the nation days before the Budget presentation, admitting that the job of repairing India's sick economy won't be easy, quick, or smooth.

Air India reduces baggage allowance by 5-15 kg, bringing it in line with rest of industry

Air India’s new policy, effective from 2 May, introduces new weight limits for tickets in each of the different 'fare families' — Comfort, Comfort Plus, and Flex.

China builds road through Shaksgam Valley, India registers protest

New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.