‘Climate change is treated as a business opportunity rather than an urgent crisis,’ said environment secretary Leena Nandan at IIC, implicating the richer nations.
The UNDP Administrator hailed the carbon market framework and the $300 billion pledged by developed nations as affirmations of the Paris Agreement's commitment.
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.
With COP29, India, Russia, and China can take the lead in climate change mitigation and establish necessary financial protocols. But they must set aside their differences first.
The few anti-Army civilians in Pakistan, who once saw red with the institution over its treatment of Imran Khan, have now reached a consensus — Asim Munir has made Pakistan a global player.
In FY 2025-26, AoN for 55 proposals amounting to Rs 6.73 lakh cr has been accorded by DAC. Both the quantum of AoN given and capital contracts signed, so far, have been the highest in any FY.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
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