‘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 proposed amendment to the Insolvency and Bankruptcy Code aims to reduce timelines and provide for a mechanism that involves minimal interaction with the court. It fails on both counts.
Open to public feedback until 26 November, the revised guidelines, among other changes, give CA firms more flexibility to advertise & promote their services.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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