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.
Promises tend to become irrelevant if care is not taken to create necessary enabling conditions to make them feasible. This is even truer of electoral promises.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
Both the governments expressed their commitment to strengthening their maritime cooperation to strengthen the maritime safety and security framework in the region.
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