COP23 to show business is implementing the Paris Agreement
7 years, 4 months ago

COP23 to show business is implementing the Paris Agreement

Huff Post  

This year has been tumultuous for those grappling with climate change. The over 620 companies which have committed to bold climate action as part of the We Mean Business coalition Take Action campaign have a total market capitalization of over US$15.5 trillion. The UNEP Emissions Gap Report 2017 concludes that countries’ nationally determined contributions must be enhanced in 2020 to ensure that the Paris Agreement goals can be met. This is why COP23 must lay the groundwork for the conclusion of the Paris rulebook at COP24, including rules on the global stocktake to take place every five years, transparency, accounting, markets, and resilience. As a first stop towards 2020, COP23 must also set out a roadmap for the 2018 Talanoa Dialogue, which must send a compelling message to world leaders to do more by showcasing results, and by producing specific steps which translate into enhanced 2020 NDCs.

Paris Cop  lowcarbon  paris  implementing  business  action  set  ndcs  2020  agreement  south  cop23  parts  faced  climate

History of this topic

Only 15 countries have met the latest Paris agreement deadline. Is any nation serious about tackling climate change?
1 week, 1 day ago

Only 15 countries have met the latest Paris agreement deadline. Is any nation serious about tackling climate change?

The Quint  

The latest deadline for countries to submit plans for slashing the greenhouse gas emissions fuelling climate change has passed. Only 15 countries met it – less than 8% of the 194 parties currently signed up to the Paris agreement, which obliges countries to submit new proposals for eliminating emissions every five years. Cop30 host Brazil submitted a pledge to reduce …

Cause and effect: Most nations under Paris Agmnt miss carbon emission targets
1 month, 1 week ago

Cause and effect: Most nations under Paris Agmnt miss carbon emission targets

Hindustan Times  

Most nations party to the Paris Agreement failed to submit new targets for slashing carbon emissions in time to meet the February 10 deadline, including major emitters like China, India and the European Union. “It’s shocking that only 13 out of 195 countries have updated their NDCs, with the majority of rich nations not submitting on deadline, exposing the alarming …

U.N. climate chief calls India 'solar superpower', urges submission of stronger climate action plan
1 month, 2 weeks ago

U.N. climate chief calls India 'solar superpower', urges submission of stronger climate action plan

The Hindu  

U.N. climate chief Simon Stiell has called India a "solar superpower" and urged it to develop an ambitious climate plan covering its entire economy, saying that an even stronger embrace of the global clean energy boom will supercharge its economic rise. Mr. Stiell, who is in India to attend the ET Global Business Summit, lauded India's efforts to mitigate climate …

Countries committed to Paris Climate Agreement even after US exit
1 month, 3 weeks ago

Countries committed to Paris Climate Agreement even after US exit

India Today  

Weeks after President Donald Trump pulled the US out of the Paris Climate Agreement, countries remain committed to their climate plans and clean-energy transition, executive secretary of the UN Framework Convention on Climate Change, Simon Stiell said. He also added what China, Brazil and India are doing to reduce emissions, "But in terms of actions being taken, just looking at …

How the US exit from Paris Climate Accord will hit COP30 funding negotiations
2 months ago

How the US exit from Paris Climate Accord will hit COP30 funding negotiations

India Today  

As President Donald Trump pulls the US out of the Paris Climate Accords, experts are concerned about the future of the global climate fight and the urgent funding targets that now seem impossible to be reached. Andre Correa do Lago head of the global COP30 summit, has voiced concerns, saying negotiations will likely be "harder" at the COP30 summit compared …

Role of capital markets for raising green and transition finance
2 months, 3 weeks ago

Role of capital markets for raising green and transition finance

Hindustan Times  

The climate crisis is a global commons problem requiring concerted actions by all. While recognising this, the United Nations Framework Convention on Climate Change has also acknowledged the principle of ‘common but differentiated responsibilities and respective capabilities,’ which assigns greater responsibilities to developed countries in mitigating greenhouse gas emissions and reducing their carbon footprint. Green finance India is a vast …

COP29, climate finance and its optical illusion
2 months, 4 weeks ago

COP29, climate finance and its optical illusion

The Hindu  

Finance has been a major point of climate change negotiation since the launching of the United Nations-led climate change negotiations in 1991, producing the United Nations Framework Convention on Climate Change 1992. The $100 billion mark, met by the developed countries only in 2022, does not match the growing needs of climate finance corresponding to the developing countries’ nationally determined …

After ‘paltry’ funding offers, day of chaos, fury at COP29
4 months ago

After ‘paltry’ funding offers, day of chaos, fury at COP29

Hindustan Times  

Negotiators returned to the table late on Saturday in a last-ditch effort to salvage the COP29 climate talks, hours after dramatic walkouts by developing nations and heated protests threatened to derail the conference entirely. The draft also controversially “encourages” developing country contributions through South-South cooperation while affirming that voluntary contributions won’t affect any party’s development status - language that many …

COP29: Nations commit to 1.5°C pathway with enhanced climate goals
4 months, 1 week 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 …

As deadline looms, divide over climate pact widens
4 months, 1 week ago

As deadline looms, divide over climate pact widens

Hindustan Times  

Baku: A deep divide over climate finance erupted into the open on Thursday at the UN climate summit COP29, as developed nations and developing nations roundly rejected a new draft proposal that offered two starkly different options for funding climate action, leaving the talks in disarray with barely a day remaining. A controversial proposal to count developing countries’ domestic resources …

UN chief urges aligning climate action with limiting global warming to 1.5°C
4 months, 1 week 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 …

Climate finance is central for enabling and implementing climate actions, says India at COP29
4 months, 1 week 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 …

Can COP29 deliver the big bucks needed to fight climate change?
4 months, 2 weeks 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 …

CoP-29: Prospects of a climate breakthrough look extremely bleak
4 months, 2 weeks ago

CoP-29: Prospects of a climate breakthrough look extremely bleak

Live Mint  

Has there ever been a grimmer backdrop to the world’s most concerted attempt to avert global warming? We’ve only got 7 years left of current-rate pollution to retain an even chance of keeping global warming below 1.5° Celsius. The main reason Kyoto failed to rein in global emissions was that it didn’t cover emerging nations, something remedied in the 2015 …

Raise $1tr annually for developing nations to deliver on Paris pact goals: Report
Trending News
4 months, 2 weeks ago

Raise $1tr annually for developing nations to deliver on Paris pact goals: Report

Hindustan Times  

Talks at the 2024 UN Climate Change Conference in Azerbaijan’s Baku should focus on mobilising at least $1 trillion annually by 2030 in external finance from all sources for the investments necessary by emerging market and developing countries other than China to deliver on Paris Agreement goals, a report by the Independent High-Level Expert Group on Climate Finance has said. …

Why are countries fighting over climate finance at COP29?
4 months, 2 weeks ago

Why are countries fighting over climate finance at COP29?

The Hindu  

The main task for nearly 200 countries at the U.N.'s COP29 climate summit is to broker a deal that ensures up to trillions of dollars in financing for climate projects worldwide. Wealthy countries pledged in 2009 to contribute $100 billion a year to help developing nations cope with the costs of a transition to clean energy and adapting to the …

COP29 agrees to set up carbon market; India to ensure parties weave clearer rules for global carbon markets
Trending News
4 months, 2 weeks 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 …

COP29 adopts establishment of global carbon market under Paris Agreement
4 months, 2 weeks ago

COP29 adopts establishment of global carbon market under Paris Agreement

Deccan Chronicle  

Baku: In a landmark decision at the first day of the global climate talks here, COP29 have officially adopted the new operational standards for a mechanism of the Paris Agreement under Article 6, setting the stage for a global carbon market. The Article 6.4 Supervisory Body, tasked with creating a United Nations-governed carbon market, finalised essential standards covering carbon removal …

COP29 Begins With Climate Finance, Absent Leaders, and Trump Looming Large
55 years, 2 months ago

COP29 Begins With Climate Finance, Absent Leaders, and Trump Looming Large

Wired  

$1 trillion a year in climate finance—that’s the goal. At these conferences, held every 12 months, everyone has a microphone—small islands with 10,000 inhabitants sit next to the giant countries of the world as they try to make decisions on how to curb climate change and its impacts. In Baku, the first city in the world to commercially exploit oil, …

Agreeing to a new global climate finance goal not enough; global financial system needs reform, says UNFCCC chief
4 months, 2 weeks ago

Agreeing to a new global climate finance goal not enough; global financial system needs reform, says UNFCCC chief

Live Mint  

New Delhi: Agreeing on a new global climate finance goal at the COP29 climate conference will not be enough to rein in toxic emissions, and countries must work harder to reform the global financial system, a top United Nations official said. “We must agree on a new global climate finance goal. If at least two-thirds of the world’s nations cannot …

Ahead of COP29, India to emphasise Paris Agreement red lines on climate finance
4 months, 2 weeks ago

Ahead of COP29, India to emphasise Paris Agreement red lines on climate finance

The Hindu  

With the 29th edition of the Conference of Parties expected to commence in Baku, India is expected to stick to its stance of getting developed countries to increase climate finance – a broad term for money for adapting to the impacts of climate change – but without deviating from the principles agreed to in the Paris Agreement text. In COP15 …

Cause and Effect | Climate commitments continue to miss key targets of the Paris Agreement: NDC synthesis report
4 months, 3 weeks ago

Cause and Effect | Climate commitments continue to miss key targets of the Paris Agreement: NDC synthesis report

Hindustan Times  

The latest Nationally Determined Contributions synthesis report reveals a stark reality. NDCs are national climate action plans updated every five years by countries to align with the Paris Agreement, which seeks to limit global temperature rise to well below 2°C, ideally to 1.5°C. While the broad participation in the NDC process — with 168 latest NDCs representing 195 Parties and …

India's push for $1 trillion in climate finance to take centre stage at COP29
4 months, 3 weeks ago

India's push for $1 trillion in climate finance to take centre stage at COP29

India Today  

With just days left until the United Nations Climate Change Conference begins in Azerbaijan, negotiators have yet to clearly outline a deal for a new climate finance goal. India has emphasised that developed nations need to provide at least $1 trillion annually for climate finance, as stated in the G20 New Delhi Declaration. The new financing goal will support developing …

Climate Crisis: Can COP29 Break the Cycle of Broken Promises?
5 months ago

Climate Crisis: Can COP29 Break the Cycle of Broken Promises?

Live Mint  

The 2024 Emissions Gap Report paints a grim picture of global climate progress, with emissions continuing to rise and the gap between climate targets and reality widening. The report emphasizes the need for immediate action on climate finance, emissions reduction, and accountability. It highlights the responsibility of wealthy nations to fulfill their financial and emissions reduction promises, particularly to support …

UAE to make new climate pledges ahead of COP29
6 months ago

UAE to make new climate pledges ahead of COP29

Hindustan Times  

New Delhi: The United Arab Emirates, which hosted list year’s climate conference COP28, will release updated commitments to reduce emissions ahead of this year’s UN-led meeting in Azerbaijan in November, a top official said, announcing that the reductions will cover “all greenhouse gases” and “every sector of the economy, including economy”. Al Jaber urged them to submit “transformational NDCs backed …

Why are NDCs important in global climate talks?
6 months ago

Why are NDCs important in global climate talks?

The Hindu  

In the world’s struggle to halt and reverse climate change, countries periodically report on their plans and progress in bringing down national levels of planet-warming carbon emissions. A country’s NDC describes its national policies or decisions toward reaching net-zero emissions, and was updated every five years until delegates at the 2021 U.N. climate summit, COP26, in Glasgow called for more …

Climate goals need trade collaboration
1 year ago

Climate goals need trade collaboration

China Daily  

Wind turbines in Zhoushan, Zhejiang province, slowly turn with the help of sea breezes and generate green electricity for places across the country on July 2, 2023. For example, green trade can offer many solutions to climate change by expediting the transition to renewable energy, promoting technology transfer, and encouraging investment in green sectors and low-carbon technologies among others. Leveraging …

Climate goals need trade collaboration
1 year ago

Climate goals need trade collaboration

China Daily  

Wind turbines in Zhoushan, Zhejiang province, slowly turn with the help of sea breezes and generate green electricity for places across the country on July 2, 2023. For example, green trade can offer many solutions to climate change by expediting the transition to renewable energy, promoting technology transfer, and encouraging investment in green sectors and low-carbon technologies among others. Leveraging …

COP hosts call on countries to align NDCs with 1.5 degree C goal
1 year ago

COP hosts call on countries to align NDCs with 1.5 degree C goal

Hindustan Times  

New Delhi: The hosts of the United Nations climate conferences – the United Arab Emirates, Azerbaijan and Brazil – on Wednesday announced to cut emissions in line with limiting global warming to 1.5 degrees Celsius-aligned nationally-determined contributions under the Paris Agreement by early 2025. The Troika in this regard issued a letter to all 198 United Nations Framework Convention on …

Cause and Effect | Enforcement challenges loom in the aftermath of Dubai climate deal
1 year, 3 months ago

Cause and Effect | Enforcement challenges loom in the aftermath of Dubai climate deal

Hindustan Times  

Nearly 200 countries on Wednesday agreed to “transition away from fossil fuels” in a historic agreement at the UN Climate Conference, signalling that the world was ready for an end to the oil age. Other parts of the agreements, however, Allan said were stronger in assigning roles for various climate bodies at the United Nations to take “forward and implement” …

'Equity and climate justice': India calls for implementation of Paris Agreement at COP28
1 year, 3 months ago

'Equity and climate justice': India calls for implementation of Paris Agreement at COP28

India TV News  

India on Wednesday urged global leaders at the UN Climate Change Conference to implement the Paris Agreement through the Global Stocktake process with a strong focus on the principles of equity and climate change. "The way ahead must be based on equity and climate justice, let us implement the Paris Agreement in letter and spirit through the Global Stocktake process," …

The New Delhi Declaration and Paris Agenda show a way forth
1 year, 6 months ago

The New Delhi Declaration and Paris Agenda show a way forth

Live Mint  

At the end of June, a historic summit on international solidarity concluded the Paris Agenda for People and the Planet. Two, facing different needs, countries may need to pursue diverse transition paths while coming together to meet the goals of the 2015 Paris climate agreement. Fortunately, we have already achieved the target of $100 billion worth of special drawing rights …

A summit with substance
1 year, 9 months ago

A summit with substance

The Hindu  

As world leaders and finance moguls land in Paris for the Summit for a New Global Financing Pact, it’s time to take concrete steps for sustainable finance and not let this be another international summit without substance. According to One Planet Lab’s white papers released for the Summit, the scale of investment needed to meet the United Nation’s Sustainable Development …

Are Cop climate summits really fit for purpose?
1 year, 11 months ago

Are Cop climate summits really fit for purpose?

The Independent  

Greenwashing, fragmented real-world action, and the continued failure to reign-in climate-altering emissions are increasingly defining international summits designed to address the climate crisis. With leaders from the UN, the hosts of this year’s climate summit, and governments across the world meeting in Bonn, Germany yesterday, there remains little time to chart a better course for the future. The way world …

Real COP27 failure is absence of commitments on long-term climate finance
2 years, 3 months ago

Real COP27 failure is absence of commitments on long-term climate finance

The Hindu  

Published : Dec 01, 2022 10:25 IST As COP27, the climate summit at Sharm el-Sheikh in Egypt, ended after being extended by more than a day, assessments of what it achieved were mixed. The text on long-term climate finance, after noting “with deep regret that the goal of developed country Parties to mobilize jointly USD 100 billion per year by …

Paying for the loss and damage due to the changing climate
2 years, 4 months ago

Paying for the loss and damage due to the changing climate

The Hindu  

After a fortnight of difficult negotiations at the 27th Conference of the Parties to the UN Framework Convention on Climate Change — or COP27 — at Sharm el-Sheikh, Egypt, the participating nations agreed to set up a new fund to help developing countries address loss and damage from the severe effects of a changing climate. The Sharm el-Sheikh Implementation Plan …

COP27: EU Ready To Update Its Climate Target For 2030 By Increasing Emission Cuts To 57%
2 years, 4 months ago

COP27: EU Ready To Update Its Climate Target For 2030 By Increasing Emission Cuts To 57%

ABP News  

Sharm El-Sheikh, Nov 15 At the UN climate summit, European Commission Vice President Franz Timmermans on Tuesday announced that the EU is ready to update its climate target for 2030, with a new Nationally Determined Contribution that climbs two points -- from 55 to 57 per cent, which, despite showing a modest improvement, would still not be in line with …

COP27 Diary: India’s Strategy To Reach Net Zero, Alliance Of World’s Three Largest Rainforest Nations And More Top Developments
2 years, 4 months ago

COP27 Diary: India’s Strategy To Reach Net Zero, Alliance Of World’s Three Largest Rainforest Nations And More Top Developments

ABP News  

COP27: Several important steps were taken at the 27th United Nations Climate Change Conference on November 14, 2022, including India releasing its long-term low emissions and development strategies, the world's three largest rainforest nations forming an alliance, and G7 nations launching the Global Shield plan, among others. COP27: Alliance Of The World's Three Largest Rainforest Nations The three largest rainforest …

COP27 | India insists on higher global climate finance target by 2024
2 years, 4 months ago

COP27 | India insists on higher global climate finance target by 2024

The Hindu  

Developing countries require substantive enhancement in climate finance from the floor of $100 billion per year to meet their ambitious goals and rich countries need to lead the mobilisation of resources, India has stressed at the ongoing UN climate summit COP27. At COP15 in Copenhagen in 2009, developed countries had committed to jointly mobilise $100 billion per year by 2020 …

COP27 | We’re on a highway to climate hell, U.N.’s Guterres warns
2 years, 4 months ago

COP27 | We’re on a highway to climate hell, U.N.’s Guterres warns

The Hindu  

United Nations Secretary General Antonio Guterres told countries gathered at the start of the COP27 summit in Egypt on November 7 they face a stark choice: work together now to cut emissions or condemn future generations to climate catastrophe. Read | The real issue at COP27 is energy equity "Humanity has a choice: cooperate or perish,” Mr. Guterres told delegates …

COP27 | Climate networking
2 years, 4 months ago

COP27 | Climate networking

The Hindu  

From Monday, the sea-side, port city of Sharm El-Sheikh, Egypt, will host over 45,000 registered participants as part of the 27th edition of the UN-Conference of Parties. This guiding principle results in an annual agreement, the latest being the Glasgow Climate Pact — an assemblage of various Articles and sub-articles — that outlines the responsibilities of every country and how …

Climate change: Global collaboration holds key to sustainability
2 years, 4 months ago

Climate change: Global collaboration holds key to sustainability

Firstpost  

The COP27 will be an interesting summit to see if the world can push for greater cooperation and find new leaders in the battle against climate change The transition from October to early November is a very curious time at the national capital as after months of sweltering heat as the city welcomes the winters. According to the UN Climate …

At COP27, developed nations must deliver
2 years, 4 months ago

At COP27, developed nations must deliver

Hindustan Times  

With barely a few days to go before the 27th Conference of the Parties of the United Nations Framework Convention on Climate Change at Sharm El Sheikh, Egypt, two things have happened. If the Security Council indeed takes over the responsibility on this issue, a few States will then have a free-hand in deciding on all climate-related issues.” But the …

At COP27, move the needle on climate action
2 years, 5 months ago

At COP27, move the needle on climate action

The Hindu  

India and other developing economies are justifiably worried about the damage to growth from COVID-19, Russia’s war in Ukraine, and the global economy’s downturn. But these troubles pale in comparison with the climate catastrophe already resulting from the current trajectory of greenhouse gas emissions, whose effects hit developing economies and the poor hardest. That is why it is imperative that …

Explained | India’s updated Nationally Determined Contribution to combat climate change
2 years, 6 months ago

Explained | India’s updated Nationally Determined Contribution to combat climate change

The Hindu  

The story so far: In August 2022, India formally updated its nationally determined contribution to the United Nations Framework Convention on Climate Change which was made on October 2, 2015. According to India’s 2015 NDC, the country had announced that it will work towards improving the emissions intensity of its GDP by 33-35% below the 2005 level, by 2030. Other …

Framing a road map for climate goal
2 years, 7 months ago

Framing a road map for climate goal

Hindustan Times  

Three months before the world assembles at Sharm El Sheikh in Egypt for the Conference of the Parties-27, India, on Wednesday, updated its Nationally Determined Contribution, a set of long-term goals to cut carbon emissions and adapt to climate impacts. As promised by Prime Minister Narendra Modi at COP-26 in Glasgow last year, India aims to cut the total amount …

Strengthening implementation of energy-related NDCs to limit global warming
2 years, 11 months ago

Strengthening implementation of energy-related NDCs to limit global warming

Hindustan Times  

The growing demand for energy due to increasing population and economic growth has come with a concern in terms of its impact on global warming. The Paris Agreement of 2015 intends to keep global warming to ‘well below’ 2°C, and preferably below 1.5°C by 2100 compared to pre-industrial levels. The World Resources Institute’s State of Climate Action 2021 reports that …

Infographic: What has your country pledged at COP26?
3 years, 4 months ago

Infographic: What has your country pledged at COP26?

Al Jazeera  

With the annual climate change summit over, what have world leaders achieved at COP26? Saturday’s Glasgow Climate Pact is the first climate package to directly reference coal and fossil fuels, although many countries were angered by a last-minute change to the text replacing the call to phase “out” the use of coal with a call to phase it “down”. Phasing …

COP26 wraps with nations agreeing to deal aimed at averting climate catastrophe
3 years, 4 months ago

COP26 wraps with nations agreeing to deal aimed at averting climate catastrophe

India Today  

UN climate talks in Scotland ended with a global agreement that aimed at least to keep alive hopes of capping global warming at 1.5 degrees Celsius, and so maintain a realistic chance of saving the world from catastrophic climate change. The overarching aim set by conference host Britain was one that climate campaigners and vulnerable countries had found far too …

COP26 draft text calls for tougher emissions pledges by 2022
3 years, 4 months ago

COP26 draft text calls for tougher emissions pledges by 2022

Al Jazeera  

Negotiators from nearly 200 countries will work from the draft to strike a final deal before the summit ends on Friday. The first draft of the “COP cover decision” asks countries to “revisit and strengthen the 2030 targets in their nationally determined contributions, as necessary to align with the Paris Agreement temperature goal by the end of 2022.” The Paris …

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