Financial facilities to developing countries facing debt crises was dropped from draft text, along with India's proposal to phase down 'all fossil fuels'.
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.
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.
Emissions Gap report by UNEP said while current commitments estimated to reduce global emissions by 5-10 %, reduction of 30-45% needed to restrict global warming to below hazardous limits.
Greenhouse gas emissions in 2030 are projected to be just 0.3% lower than in 2019, according to synthesis of latest climate goals submitted by 193 countries under Paris Agreement.
Denmark became 1st country to make 'historic pledge' at UNGA last week, in bid to help compensate for the vastly disproportionate consequences of global emissions.
‘Mother kept pouring water in our eyes whenever the burning became unbearable. She pushed our bodies deep into the blanket, making sure not a single part was exposed,’ my father said.
December oil imports from Russia may drop nearly 50%, but Indian buyers already shifting to non-designated Russian entities and opaque trading channels to keep Russian oil flowing.
The helicopters produced by Lockheed Martin are known as ‘submarine hunters’. India ordered 24 of these aircraft in 2020 to replace the Sea King helicopters. 15 have been delivered till date.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
COMMENTS