COP27 president Sameh Shoukry said he has drafted texts on topics of negotiation on which no consensus had been reached & parties will be provided further opportunity to respond to them.
At COP27 negotiations Thursday, European Union agreed to set up a loss & damage climate finance facility that serves 'most vulnerable countries' only, and draws on a wide donor base.
The shortfall in the set target of 175 GW by end-2022 is largely due to underperformance in rooftop solar and wind energy sectors, natural factors and policy shortcomings.
Financial facilities to developing countries facing debt crises was dropped from draft text, along with India's proposal to phase down 'all fossil fuels'.
High-emitters like US should take on greatest responsibility to tackle emissions and help — without being stalled by dialogue — finance nations most vulnerable to climate change.
The climate summit, which started on 6 November, is scheduled to end Friday, but may stretch for longer if the issues aren’t resolved in time, said observers.
India has proposed that limiting global warming 'requires phase down of all fossil fuels', not one. Last year it opposed coal phase out, leading to adoption of phase down clause instead.
Delivering the national statement at the climate summit, Bhupender Yadav said the country seeks to foster strong international cooperation through action & solutions-oriented coalitions.
Like China, India remains a big domestic market, which will continue to attract investment, but the US tariffs will make India unattractive for future investments.
New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.
Contrary to claims regarding implementation of theaterisation, ThePrint first reported on 17 June 2021 that it will be delayed. Now, ACM Singh bats for different structure.
Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India.
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