Rescue operations are underway as houses collapse in Baramati and around 30 people remain stranded in Phaltan, Satara. The districts of Pune, Solapur, Raigad, and the Mumbai-MMR region have received heavy rainfall.
The fund will help these countries cope with, recover from losses caused by climate change. India, as one of UN’s ‘developing’ nations, has expressed support for fund's operationalisation.
Wealthy nations are yet to deliver on the 2009 pledge to provide $100 billion per year for developing nations to deal with the consequences of rising temperatures.
Christian's Aid findings come a month after the COP27 agreement to establish a loss and damage fund, which is being set up to assist developing countries vulnerable to the impacts of climate change.
Loss and damages fund has long been a demand of the developing world, which is facing the brunt of climate change. At COP27, talks over the fund nearly broke down late Saturday.
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.
Financial facilities to developing countries facing debt crises was dropped from draft text, along with India's proposal to phase down 'all fossil fuels'.
By Valerie Volcovici and Aidan Lewis SHARM EL-SHEIKH, Egypt (Reuters) - Highly polluting emerging economies including China and India should pay into a climate compensation fund to help countries
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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