Recent research shows extreme weather is already costing vulnerable island nations $141 billion each year. This will rise to $1 trillion annually by 2030.
Deciding the quantum and other aspects of climate financing was one of the central aims of this edition of the climate conference, dubbed the 'finance COP' for this reason.
India’s national statement in Baku, Azerbaijan, also called on developed nations to take the lead in reducing emissions and allow adequate carbon space for developing countries.
The Independent High Level Expert Group on Climate Finance says that total climate finance requirement for these countries is $2.4 tn per year, of which $1 tn must come from foreign sources.
This program builds upon ADB's commitment to supporting Pakistan's development goals, having provided over $52 billion in public and private sector loans, grants, and other forms of financing since 1966.
Indonesia's blue carbon ecosystems house 22% of the world’s mangroves and 5% of seagrass meadows, making it one of the most important countries for ocean-based climate change mitigation.
The Paris Agreement’s goals require $3-6 trillion annually until 2050. So far, global climate finance has managed $630 billion. Scalable AI algorithms are the only solution.
While developed nations urge reevaluation of climate aid, India says there must be agreement on burden sharing among developed countries 'to establish fair share of collective obligation'.
The test raises a question. Why have Russian nuclear strategists now invested in the Burevestnik, when the US abandoned nuclear ramjet propulsion in 1964?
Tajikistan did not want to extend the lease because of apparent pressure from Russia & China over non-regional military personnel at the air base, it is learnt.
On 21 Oct, a buzz went up that the govt had released full list of gallantry award recipients along with Op Sindoor citations. I put an AI caddy on the job. It took me into a never-ending rabbit hole.
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