COP27 | India hails ‘Loss and Damage’ compensation fund approved at U.N. climate summit
2 years, 1 month ago

COP27 | India hails ‘Loss and Damage’ compensation fund approved at U.N. climate summit

The Hindu  

India on Sunday called as historic the U.N. climate summit in Egypt for securing an agreement on establishing a fund to address ‘Loss and Damage’ due to climate change-induced disasters, saying “the world has waited far too long for this”. He welcomed the inclusion of "transition to sustainable lifestyles and sustainable patterns of consumption and production in our efforts to address climate change" in the cover decision of the deal struck in Sharm El-Sheikh. Editorial | Incremental win: On ‘Loss and Damage’ fund commitment at COP27 "You are presiding over a historic COP where agreement has been secured for loss and damage funding arrangements including setting up a loss and damage fund. "We note that we are establishing a four-year work program on climate action in agriculture and food security.Agriculture, the mainstay of livelihoods of millions of smallholder farmers, will be hard hit from climate change.

India Climate Change Loss Climate Transition Yadav Damage Fund Just Transition Cop27  cop27  countries  loss  summit  hails  damage  fund  transition  yadav  compensation  approved  climate  india  world  sustainable  mitigation

History of this topic

Climate change is now a real and pressing economic threat
5 hours, 4 minutes ago

Climate change is now a real and pressing economic threat

Live Mint  

New Delhi: Climate change is no longer just affecting lives. “We must reduce emissions because a country like India needs a stable climate to ensure growth. Cross-border tariffs Climate change may disrupt global trade and economic development around as developed economies in the European Union are coming up with measures like the Carbon Border Adjustment Mechanism, a policy tool to …

How global warming smashed all safety barriers in 2024
15 hours, 54 minutes ago

How global warming smashed all safety barriers in 2024

Live Mint  

New Delhi: How do we feel the effects of climate change in our everyday lives? “People just get on with their lives, and that’s not nice", she says, putting the onus of this forgetfulness on the fact that in India, we tend to focus on “seasonal climate conversations"—like heat waves during summer, and floods during the monsoon. “It’s almost inevitable …

India on climate crisis at UN court: Developing nations suffer most
2 weeks, 4 days ago

India on climate crisis at UN court: Developing nations suffer most

India Today  

India slammed developed countries for causing the climate crisis during a landmark hearing at the International Court of Justice on Thursday, saying they exploited the global carbon budget, failed to honour climate-finance promises and are now demanding that developing countries restrict their resource use. Making submissions on behalf of India, Luther M Rangreji, joint secretary in the Ministry of External …

COP kicks the climate can down the road, again
3 weeks, 4 days ago

COP kicks the climate can down the road, again

Live Mint  

New Delhi: Shorn of negotiator parlance, the latest edition of the Conference of Parties can be summed up with the one-liner from the movie Jerry Maguire: Show me the money. The possibility of the US not paying its fair share means other developed countries have to bear the burden, a reason why they didn’t want to commit to a higher …

India’s stand against inadequate climate finance at COP29
3 weeks, 6 days ago

India’s stand against inadequate climate finance at COP29

Hindustan Times  

The Conference of Parties 29 climate summit in Baku, Azerbaijan, ended on a dramatic note as negotiators announced a pledge to triple annual climate finance to $300 billion by 2035, with an aspirational target of $1.3 trillion. Therefore, we oppose the adoption of this document.” India’s rejection of the climate finance package came in the face of celebration by developed …

What’s the controversial $300 billion COP29 climate deal? Why has it angered India, other developing nations?
4 weeks ago

What’s the controversial $300 billion COP29 climate deal? Why has it angered India, other developing nations?

Firstpost  

The tumultuous COP29, the UN climate summit, concluded in Azerbaijan’s Baku after talks continued until early Sunday. Developed nations forced a deal agreeing to provide $300 billion a year to the developing world from 2035 in climate finance. Developed nations forced an agreement promising to put together $300 billion a year from 2035 in climate finance. Mukhtar Babayev, COP29 President, …

COP29 raises climate finance to $300 billion a year, India says 'optical illusion'
4 weeks, 1 day ago

COP29 raises climate finance to $300 billion a year, India says 'optical illusion'

India Today  

After a complex negotiation at the climate finance in Baku during COP 29, countries adopted a $300 billion a year global finance target on Sunday to help poorer nations cope with the impacts of climate change. As per the final official draft by UNFCC, the central focus of COP 29 was on bringing together nearly 200 countries in Baku and …

Why developing nations like India are unhappy about the $300 billion COP29 deal
4 weeks, 1 day ago

Why developing nations like India are unhappy about the $300 billion COP29 deal

India Today  

The $300 billion annual climate finance deal agreed upon at COP29 in Baku has sparked significant dissatisfaction among developing nations, who deem the amount insufficient to address the escalating impacts of climate change. Developing countries argue that the $300 billion target, set to be achieved by 2035, falls short of the actual financial needs required to combat climate change effectively. …

Climate talks end with mere $300 bn pledge
4 weeks, 1 day ago

Climate talks end with mere $300 bn pledge

New Indian Express  

The United Nations Climate Change Conference in Baku concluded on Sunday amid high drama with the adoption of a controversial agreement to triple climate finance for developing countries to $300 billion annually by 2035 as against the $1.3 trillion sought by developing countries per year until 2030. The process and the amount agreed upon faced strong opposition from India and …

‘Betrayed’: India leads revolt at COP
4 weeks, 1 day ago

‘Betrayed’: India leads revolt at COP

Hindustan Times  

The COP29 climate talks ended in unprecedented acrimony early on Sunday as India led a fierce pushback against what it called a “stage-managed” climate finance deal, moments after the Azerbaijan Presidency hastily gavelled through a contentious proposal amid celebrations, with UN and COP29 Presidency officials embracing. The hastily adopted text sets a climate finance goal of “at least $300 billion …

COP29 Climate Finance Deal Collapses as Developed Nations Resist $1.3 Trillion Target
4 weeks, 1 day ago

COP29 Climate Finance Deal Collapses as Developed Nations Resist $1.3 Trillion Target

The Hindu  

Published : Nov 24, 2024 17:46 IST - 6 MINS READ In the global climate negotiations that continued at the 29th edition of the Conference of Parties in Baku, Azerbaijan, between November 11 and 22, there was agreement on one issue. So, common sense suggests that developed countries, which are responsible for much of the cumulative carbon emissions that have …

COP29 agrees on ’$300billion per year by 2035’ for Global South to fight climate change; India calls it ‘paltry sum…’
1 month ago

COP29 agrees on ’$300billion per year by 2035’ for Global South to fight climate change; India calls it ‘paltry sum…’

Live Mint  

COP29: The world reached a new climate deal at the COP29 on Saturday, with wealthy countries committing to provide $300 billion annually by 2035 to assist poorer nations in addressing the growing impacts of the climate crisis. Immediately after the gavel came down, India’s representative, Chandni Raina, condemned the $300 billion pledge as a "paltry sum." However, the $300 billion …

COP29 ends with contentious outcome
1 month ago

COP29 ends with contentious outcome

China Daily  

COP29 President Mukhtar Babayev walks during a closing plenary meeting at the COP29 United Nations Climate Change Conference, in Baku, Azerbaijan, Nov 24, 2024. Following two weeks of wrangling between the delegations of developing and developed countries, the COP29 United Nations climate change conference finally concluded, more than 30 hours past its deadline, with the adoption of a climate finance …

COP29 ends with contentious outcome
1 month ago

COP29 ends with contentious outcome

China Daily  

COP29 President Mukhtar Babayev walks during a closing plenary meeting at the COP29 United Nations Climate Change Conference, in Baku, Azerbaijan, Nov 24, 2024. Following two weeks of wrangling between the delegations of developing and developed countries, the COP29 United Nations climate change conference finally concluded, more than 30 hours past its deadline, with the adoption of a climate finance …

COP29: $300 billion climate deal pushed through despite stiff opposition
1 month ago

COP29: $300 billion climate deal pushed through despite stiff opposition

New Indian Express  

BAKU: The United Nations climate summit in Baku on Sunday concluded amidst high drama with the adoption of a controversial agreement to triple climate finance for developing countries to $300 billion annually by 2035. Chandni Raina, adviser to the Department of Economic Affairs and part of India’s negotiating team, criticised the agreement for failing to address the urgent needs of …

COP29 ends with contentious outcome
1 month ago

COP29 ends with contentious outcome

China Daily  

By HOU LIQIANG | chinadaily.com.cn | Updated: 2024-11-24 21:44 COP29 President Mukhtar Babayev walks during a closing plenary meeting at the COP29 United Nations Climate Change Conference, in Baku, Azerbaijan, Nov 24, 2024. Following two weeks of wrangling between the delegations of developing and developed countries, the COP29 United Nations climate change conference finally concluded, more than 30 hours past …

COP29 ends in a $1.3 trillion disappointment. But there may still be hope
1 month ago

COP29 ends in a $1.3 trillion disappointment. But there may still be hope

Live Mint  

New Delhi: The 29th edition of the UN climate change conference in Azerbaijan emerged from a deadlock with an annual climate finance goal of $1.3 trillion for developing countries, much to the disappointment of the Global South. The second goal mentions that developed countries must take the lead in mobilising $250 billion per year by 2035 for climate action by …

India at CoP-29: Push for climate finance and strengthen domestic sources
1 month ago

India at CoP-29: Push for climate finance and strengthen domestic sources

Live Mint  

As CoP-29 reaches its final phase of talks in Baku, Azerbaijan, the focus on climate finance has intensified, underscoring its importance for developing economies like India. At the heart of this effort lies India’s domestic financial sector, particularly its banks, which are the largest source of climate finance outside of the government. Banks can embed climate risk into their broader …

Climate finance: Deploy the Loss and Damage Fund with care
1 month ago

Climate finance: Deploy the Loss and Damage Fund with care

Live Mint  

The urgency of climate adaptation has never been more apparent. By aligning L&D resources with the National Action Plan on Climate Change, India can enhance its ability to manage and disburse global investments effectively. L&D funding could significantly bolster India’s financial capacity for climate action, fostering resilience and supporting its transition to a low-carbon economy. India must secure commitments from …

COP29: Nations commit to 1.5°C pathway with enhanced climate goals
1 month ago

COP29: Nations commit to 1.5°C pathway with enhanced climate goals

India Today  

In a landmark announcement at the COP29 summit in Baku, a coalition of nations representing 30% of global GDP and 15% of greenhouse gas emissions committed to strengthening their Nationally Determined Contributions to align with the 1.5°C global warming threshold. The United Kingdom, Brazil, and the United Arab Emirates led the charge with ambitious NDC targets for 2035, signaling their …

India: Set new finance goal on climate justice
Trending News
1 month ago

India: Set new finance goal on climate justice

New Indian Express  

With COP29 negotiations reaching a critical stage, India on Tuesday demanded clear answers from developed countries on the New Collective Quantified Goal for climate finance. Delivering the national statement, Kirti Vardhan Singh, Minister of State in the Ministry of Environment, Forest, and Climate Change, said all NCQG decisions for climate finance must reflect the principles of climate justice and equity. …

UN chief urges aligning climate action with limiting global warming to 1.5°C
1 month ago

UN chief urges aligning climate action with limiting global warming to 1.5°C

Live Mint  

New Delhi: Every country’s next round of nationally determined contributions must contain unambiguous, absolute emissions reduction targets for 2030 and 2035, and align fossil fuel production and consumption plan to limiting global warming to 1.5°C above pre-industrial levels, UN secretary-general António Guterres said on Tuesday at the G20 meeting in Rio de Janeiro, Brazil. This assumes significance, as negotiations for …

COP29 and reducing climate leadership: What India can do
1 month ago

COP29 and reducing climate leadership: What India can do

Hindustan Times  

The Conference of Parties 29 has seen a lacklustre attendance with heads of State from major emitters including China, United States, South Africa, Germany and Canada not in attendance. India must take a nuanced stance advocating for continued resource transfers from the North to bolster India’s domestic capacity to become a crucial partner in achieving global climate goals. India would …

Collective action on climate finance urged
1 month ago

Collective action on climate finance urged

China Daily  

By YANG HAN in Hong Kong | China Daily | Updated: 2024-11-19 09:51 COP29 President Mukhtar Babayev, Executive Secretary of UNFCCC Simon Stiell and Nabeel Munir, Chair of the UNFCCC's Subsidiary Body for Implementation, attend a press conference during the United Nations climate change conference COP29 in Baku, Azerbaijan, November 18, 2024. Asia needs collective and sustainable action to meet …

Global South faces climate burden: India highlights challenges at COP29
1 month ago

Global South faces climate burden: India highlights challenges at COP29

India Today  

At the ongoing COP29 summit in Baku, Azerbaijan, India's Minister of State for Environment, Kirti Vardhan Singh, highlighted the critical juncture at which the global community stands in its collective fight against climate change. Speaking on behalf of the Global South, Singh pointed the disproportionate burden faced by developing nations due to climate change. Kirti Vardhan Singh also reiterated that …

Collective action on climate finance urged
1 month ago

Collective action on climate finance urged

China Daily  

COP29 President Mukhtar Babayev, Executive Secretary of UNFCCC Simon Stiell and Nabeel Munir, Chair of the UNFCCC's Subsidiary Body for Implementation, attend a press conference during the United Nations climate change conference COP29 in Baku, Azerbaijan, November 18, 2024. Asia needs collective and sustainable action to meet its green finance needs, experts have said, as negotiations at the COP29 UN …

Collective action on climate finance urged
1 month ago

Collective action on climate finance urged

China Daily  

COP29 President Mukhtar Babayev, Executive Secretary of UNFCCC Simon Stiell and Nabeel Munir, Chair of the UNFCCC's Subsidiary Body for Implementation, attend a press conference during the United Nations climate change conference COP29 in Baku, Azerbaijan, November 18, 2024. Asia needs collective and sustainable action to meet its green finance needs, experts have said, as negotiations at the COP29 UN …

Climate finance is central for enabling and implementing climate actions, says India at COP29
1 month ago

Climate finance is central for enabling and implementing climate actions, says India at COP29

Live Mint  

New Delhi: Highlighting four essential aspects of global climate action, Leena Nandan, secretary of the ministry of environment, forest and climate change at COP29 on Monday, said the pre-2030 period is an opportunity to enhance global climate action through climate finance to reduce emissions and meet net zero. It is an opportunity to enhance global climate action,” Nandan said in …

COP29: India calls for “mutual trust” at key stage in Baku negotiations
1 month ago

COP29: India calls for “mutual trust” at key stage in Baku negotiations

Hindustan Times  

India on Monday laid down its expectations on climate action for the next six years during the annual high-level ministerial round table on pre-2030 ambition. “This trust is dependent on access to enhanced financial resources, technology transfer, capacity-building, and availability of market- based mechanisms”, India said in its statement. The 2024 Nationally Determined Contributions synthesis report does not pose a …

India Voices Concern Over Climate Finance at CoP29 Baku Talks
1 month ago

India Voices Concern Over Climate Finance at CoP29 Baku Talks

Deccan Chronicle  

New Delhi: India on Sunday expressed serious concern about the progress by the developed countries to engage in a climate finance and mitigation work programme at CoP29 in Baku, Azerbaijan. However, India asserted that those with the highest capacity to take climate action have continuously shifted goalposts, delayed climate action, and consumed a highly disproportionate share of the global carbon …

CoP29: India, LMDC flag lack of progress, unwillingness by some parties to engage on finance
1 month ago

CoP29: India, LMDC flag lack of progress, unwillingness by some parties to engage on finance

Hindustan Times  

Baku: India and the Like Minded Developing Countries among other developing country parties made statements late on Saturday night during the closing plenary, as week 1 of COP29 came to an end, calling out lack of progress in finance talks. LMDC, a group of around 24 developing countries, including India, also raised the same concerns--that of pressure from developed nations …

COP29: India, developing nations push for fair climate finance
1 month, 1 week ago

COP29: India, developing nations push for fair climate finance

India TV News  

At COP29, India, along with other developing nations, advocated for fair and effective climate finance agreements to support global climate action. Negotiators have pointed out that approximately 69 percent of current climate finance is provided as loans, which can create heavy debt burdens rather than alleviating economic pressures. Pushing for Accountability and Consistency in Climate Funding A focal point of …

COP29: India voices dissent on ‘discriminatory trade barriers linked to carbon emissions
1 month, 1 week ago

COP29: India voices dissent on ‘discriminatory trade barriers linked to carbon emissions

The Hindu  

India has voiced its disapproval of “protectionist” measures that link trade barriers and carbon emissions, at the ongoing climate talks in Baku, Azerbaijan. “A regime of unilateral trade measures on climate change,” India stated on Friday, “imposes the cost of the transition to low-carbon economies on developing and low-income countries. Circular evasions Neither the BASIC proposal nor India’s statement explicitly …

India pitches for $1.3 trillion in annual climate support for developing nations
1 month, 1 week ago

India pitches for $1.3 trillion in annual climate support for developing nations

Live Mint  

Intervening on behalf of like-minded developing countries, India said that developed countries need to commit to provide and mobilise at least $1.3 trillion every year in the New Collective Quantified Goal till 2030. Developing countries require up to $1.5 trillion a year for their unique climate needs and net zero transition, according to various estimates. Also Read: COP29 stresses global …

COP29: India demands climate justice, criticises unmet $100 billion finance pledge
1 month, 1 week ago

COP29: India demands climate justice, criticises unmet $100 billion finance pledge

India Today  

At the High-Level Ministerial on Climate Finance during COP29 in Baku, India, representing Like-Minded Developing Countries, pushed for the urgent need for heightened climate ambitions to address escalating climate disasters. Delivering India's statement, Naresh Pal Gangwar, Additional Secretary of the Ministry of Environment, Forest and Climate Change and lead negotiator at COP29, highlighted the disproportionate impacts of climate change on …

Can COP29 deliver the big bucks needed to fight climate change?
1 month, 1 week ago

Can COP29 deliver the big bucks needed to fight climate change?

India Today  

On the shores of the Caspian Sea, Baku is welcoming leaders, climate activists, civil society members, and negotiators from over 200 countries with heightened anticipation around setting more ambitious climate finance targets through the proposed New Collective Quantified Goal. The agenda aims to revitalise global climate finance commitments, yet concerns loom over the pace and scale of progress. Across the …

COP29: India, other developing countries demand fair climate finance commitments
1 month, 1 week ago

COP29: India, other developing countries demand fair climate finance commitments

The Hindu  

India, as part of the Like-Minded Developing Countries bloc, stood firm in calling for equitable financial support from developed nations at the ongoing COP29 climate negotiations, multiple sources from the grouping said here. At the annual climate talks, India negotiates in key groupings such as the Like-Minded Developing Countries, G77 and China, and BASIC, where it aligns with other developing …

World leaders address climate crisis at COP29 amid growing disasters
1 month, 1 week ago

World leaders address climate crisis at COP29 amid growing disasters

Deccan Chronicle  

Azerbaijan: The 29th UN climate conference began with world leaders discussing the devastating effects of climate change and calling for urgent global action. Bahamas Prime Minister Philip Edward Davis spoke on behalf of vulnerable island nations facing mounting debt from climate-related catastrophes, such as Hurricanes Dorian and Matthew, despite contributing minimally to global emissions. COP29 marks a critical point in …

COP29: India, other developing countries demand fair climate finance commitments
1 month, 1 week ago

COP29: India, other developing countries demand fair climate finance commitments

Deccan Chronicle  

Baku: India, as part of the Like-Minded Developing Countries bloc, stood firm in calling for equitable financial support from developed nations at the ongoing COP29 climate negotiations, multiple sources from the grouping said here. At the annual climate talks, India negotiates in key groupings such as the Like-Minded Developing Countries, G77 and China, and BASIC, where it aligns with other …

At COP29, India expresses concerns over how climate finance shifting to unfair loan schemes
Trending News
1 month, 1 week ago

At COP29, India expresses concerns over how climate finance shifting to unfair loan schemes

India TV News  

Baku : India, as part of the Like-Minded Developing Countries bloc, stood firm in calling for equitable financial support from developed nations at the ongoing COP29 climate negotiations, multiple sources from the grouping told news agency PTI. At the annual climate talks, India negotiates in key groupings such as the Like-Minded Developing Countries, G77 and China, and BASIC, where it …

Why are countries fighting over money at COP29 climate summit?
1 month, 1 week ago

Why are countries fighting over money at COP29 climate summit?

India Today  

The United Nations' COP29 climate summit, currently underway in Baku, Azerbaijan, has brought together representatives from nearly 200 countries with a primary goal of brokering a landmark climate finance deal. However, the recent US election results have cast a shadow over the talks, with concerns that a potential Trump administration could halt US climate finance contributions, potentially shrinking the overall …

World leaders urged to fund anticipatory climate actions
1 month, 1 week ago

World leaders urged to fund anticipatory climate actions

China Daily  

A night view shows the venue of the United Nations climate change conference, known as COP29, in Baku, Azerbaijan, Nov 11, 2024. As global leaders convene for the UN Climate Change Conference, or COP29, in Azerbaijan's capital Baku, an NGO has warned of increasing climate-driven disasters that are disproportionately affecting Africa. In a statement published on Monday, the IRC said …

COP29 agrees to set up carbon market; India to ensure parties weave clearer rules for global carbon markets
Trending News
1 month, 1 week ago

COP29 agrees to set up carbon market; India to ensure parties weave clearer rules for global carbon markets

Live Mint  

New Delhi: A global carbon market will be set up after a landmark decision on the first day of the global climate summit in Baku, at the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change. It offers two pathways for countries and companies to trade carbon offsets, supporting the achievement of emission …

COP 29 in Baku begins amid ‘Trump dilemma’: India should tread carefully
1 month, 1 week ago

COP 29 in Baku begins amid ‘Trump dilemma’: India should tread carefully

Firstpost  

Donald Trump’s return to the US presidency has put questions on climate action; however, if India has to safeguard the security of 1.4 billion people, it must look at climate change seriously The 29th Conference of the Parties on Climate Change began in Baku, Azerbaijan, and will carry on from November 11 to 22, 2024. Trump’s position on climate change …

COP29: The climate funds math that needs to be reset, explained
Trending News
1 month, 1 week ago

COP29: The climate funds math that needs to be reset, explained

Live Mint  

The 29th annual United Nations climate summit, COP29, started in Azerbaijan this week. The enhanced financial support would help developing countries strengthen their national climate plans, which, too, are due for an update in 2025. COP29 stakes The NCQG would also support climate adaptation—the component of climate action aimed at helping countries adjust to existing climate impacts. "The election result …

COP29 Baku: What is on the agenda?
1 month, 1 week ago

COP29 Baku: What is on the agenda?

India Today  

The 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change – the annual U.N. climate summit – has kicked off in Azerbaijan’s capital, Baku. The COP will also discuss long-term climate finance, as well as annual reports of the Green Climate Fund and the Global Environmental Facility. Other important elements on the agenda …

Amid weather extremes, India demands West up climate funding
1 month, 1 week ago

Amid weather extremes, India demands West up climate funding

Hindustan Times  

India is expected to reiterate its call for adequate climate finance from developed nations, including contributions running into trillions of dollars annually, as the UN Climate Change Conference began in Baku on Monday against the backdrop of unprecedented weather extremes that have battered India as well as the world, and new signs that the globe is on track for more …

India to push for accountability, fair financing, green credit at COP29: delegates
1 month, 1 week ago

India to push for accountability, fair financing, green credit at COP29: delegates

The Hindu  

India’s approach at COP29 focuses on accountability, green credit, fair financing, and incremental goals for its developing economy, multiple delegates said on Monday as the latest edition of the world's most important meeting on climate change kickstarted in Baku. While moderate in terms of attendance and scale, India's primary priorities at the conference are expected to include holding developed nations …

Mint Primer: Your two-minute guide to COP29... and dystopia
1 month, 1 week ago

Mint Primer: Your two-minute guide to COP29... and dystopia

Live Mint  

Nations, businesses and civil society are set to discuss ways to tackle the climate crisis at yet another Conference of Parties to the UN Framework Convention on Climate Change, The 29th meet is in Baku, Azerbaijan, on 11-14 November. A massive $2.4 trillion a year—four times what is currently invested—is required for poor and emerging economies to cut greenhouse gas …

Can $1 trillion in climate finance be achieved amid political hurdles
1 month, 2 weeks ago

Can $1 trillion in climate finance be achieved amid political hurdles

New Indian Express  

CHENNAI: The World Meteorological Organisation has declared that 2024 is on track to be the warmest year on record, which means it will be the first year of more than 1.5 degrees Celsius warming above pre-industrial levels. It is the most consequential of climate summits since the Paris Agreement as the discussions are set to address the New Collective Quantified …

Discover Related