Neither country was willing to concede initially but Australia backed down in exchange for its representative chairing talks. Experts say test will be what next COP brings to table.
India is ranked 23 this year in index that tracked 63 countries & EU’s climate mitigation performance. Report notes ‘substantial progress’ in India’s renewable energy adoption.
Article 9.1 of the Paris Agreement places a binding responsibility on the developed countries to provide financial resources to the developing nations, it adds.
Brazil’s forest fund promises annual payouts to countries preserving tropical forests—but critics warn it’s gambling green goals on market returns. Brazil president says it's the 'COP of truth'.
Negotiators from nearly 200 countries will thrash out technical details on everything from how best to cut emissions to the structure of funds to help the poorest deal with extreme weather.
Ahead of COP-30, EU commits to 90% reduction in emissions by 2040, climate neutrality by 2050. But climate experts say it is too little, too late, 'just sleight of hand'.
PM missed COP-29 too as dates overlapped with Maharashtra polls. A focus area this year will be adaptation—negotiations of indicators to monitor countries’ progress on climate commitments.
The private sector stays out of climate resilience funding because projects lack revenue models, bankability, and local data. But empowered Urban Local Bodies can unlock that.
As discounted Russian barrels increasingly flow to China, Indian refiners lift more from Saudi Arabia, Iraq and the UAE, while also eyeing Venezuelan cargoes to diversify risk.
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