Over 35 Indian firms have committed to climate action since Paris Agreement but analysis by CRH finds 'massive gap between companies’ renewable energy commitments & actions'.
Launched in 2021 at Glasgow, LiFE initiative has made India 10% more energy efficient than G20 nations. Such measures globally will save consumers about $440 bn in 2030, agency adds.
G77 countries have requested that 'loss & damage' finance be part of COP27 agenda. Meanwhile, developed countries are pushing for developing countries to widen mitigation goals.
The 2 main risks facing the Indian economy in the short term are energy prices & availability and high fertiliser prices, the Finance Minister said at The Brookings Institution in the US Tuesday.
Upcoming framework, with separate stream of investors focussed on climate financing, is expected to help India fund green energy & infrastructure projects and meet COP26 commitments.
The Bonn Climate Conference in Germany is a step to further the COP26 agenda and prepare for COP27. But developing countries say the summit’s agenda limits space for discussions.
NbS involve practices like afforestation, forest restoration, conserving coral reefs, which can mitigate effects of climate change and help countries meet their biodiversity goals.
The ‘great rivalry’ angle was also blown out of proportion, given that India now holds a handsome record of wins against Pakistan in T20 World Cup matches—8-1.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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