Fight over including carbon border tax in agenda delays climate talks on day one
1 month, 1 week ago

Fight over including carbon border tax in agenda delays climate talks on day one

The Hindu  

Developing countries, including China and India, sparred with rich nations over including "unilateral trade measures", such as the European Union's carbon border tax, in the agenda of the UN climate talks, delaying the formal start of the conference on Monday. Agenda disputes are common at UN climate conferences but this one is especially significant as countries have limited time to agree on a new climate finance goal to help developing countries adapt to and fight climate change, the central issue this year. The opening plenary got significantly delayed as developed and developing countries debated whether to make "unilateral trade measures", such as the European Union's Carbon Border Adjustment Mechanism, an agenda item at COP29. China, on behalf of the BASIC group of countries, submitted a proposal to the UN climate body last month requesting that this year's COP address the issue of unilateral trade measures.

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Climate talks end with mere $300 bn pledge
4 weeks 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 …

COP29: $300 billion climate deal pushed through despite stiff opposition
4 weeks, 1 day 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 …

With talks teetering, climate negotiators struck a controversial $300 billion deal
Trending News
1 month ago

With talks teetering, climate negotiators struck a controversial $300 billion deal

NPR  

With talks teetering, climate negotiators struck a controversial $300 billion deal toggle caption Sean Gallup/Getty Images/Getty Images Europe Negotiators at a global climate conference in Baku, Azerbaijan, struck a last-minute deal for wealthy countries to help their poorer neighbors deal with global warming, saving the annual meeting as it verged on collapse. Cedric Schuster, Samoa's minister of natural resources and …

COP29 talks extended as draft $250 billion finance offer flops
Trending News
1 month ago

COP29 talks extended as draft $250 billion finance offer flops

Hindustan Times  

Baku: The COP29 climate summit was extended by a day after developing nations reacted with fury to developed countries’ proposal of $250 billion annual climate finance by 2035, calling it “a slap in the face” and far below their demand of $1.3 trillion, raising fears of a Copenhagen-like deadlock. “The quantum is an eyewash,” said a developing country negotiator, noting …

As deadline looms, divide over climate pact widens
1 month 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 …

Climate finance deal continues facing deadlock as COP29 nears end
Trending News
1 month ago

Climate finance deal continues facing deadlock as COP29 nears end

Live Mint  

New Delhi: Talks on a dramatically raised finance deal at the COP29 meeting in Baku remained deadlocked with a draft text failing to mention the amount, even as the clock ticked away on the summit that ends on Friday. The new draft, presented by host Azerbaijan on Thursday, defines climate finance, identifies contributors and establishes two options on the overall …

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 …

China defends climate fund role
1 month ago

China defends climate fund role

China Daily  

A night view shows the venue of the United Nations climate change conference, known as COP29, in Baku, Azerbaijan, Nov 11, 2024. Rather, it is the obligation of developed countries to support developing economies in this matter, said China's Climate Envoy Liu Zhenmin. He also underscored China's consistent solidarity with other developing nations to ensure that developed countries come up …

China defends climate fund role
1 month ago

China defends climate fund role

China Daily  

A night view shows the venue of the United Nations climate change conference, known as COP29, in Baku, Azerbaijan, Nov 11, 2024. Rather, it is the obligation of developed countries to support developing economies in this matter, said China's Climate Envoy Liu Zhenmin. He also underscored China's consistent solidarity with other developing nations to ensure that developed countries come up …

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 …

Negotiations over climate finance remain deadlocked at UN summit
1 month, 1 week ago

Negotiations over climate finance remain deadlocked at UN summit

Hindustan Times  

With just days remaining at the COP29 climate talks in Baku, negotiations over climate finance remain deadlocked, with developed and developing nations still far apart on both the scale of funding and its fundamental structure, even as Argentina’s withdrawal from the talks casts a shadow over global climate cooperation. Experts say Harjeet Singh, Climate Activist and Global Engagement Director for …

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 …

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 …

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 …

United Nations climate negotiations through the years to COP29: Timeline
1 month, 1 week ago

United Nations climate negotiations through the years to COP29: Timeline

The Hindu  

COP29, termed the “climate finance COP,” has one major objective: establishing a concrete financial commitment from developed countries to support climate action in developing nations. As the United Nations climate talks begin in Baku, the primary debate centers on who will provide funding and, more crucially, how much is needed. However, discussions are likely to be tense following the re-election …

India plans to protest EU's carbon tax at WTO meeting: sources
10 months, 2 weeks ago

India plans to protest EU's carbon tax at WTO meeting: sources

The Hindu  

India plans to protest the European Union's proposed carbon tax on imports of steel, iron ore and cement at the next meeting of World Trade Organization later this month, saying it would emerge as a new trade barrier, two Government sources said. India had earlier decided to file a complaint in the WTO over the EU's proposal to impose 20-35% …

The EU wants to put a tax on emissions from imports. It’s irked some other nations at COP28
1 year ago

The EU wants to put a tax on emissions from imports. It’s irked some other nations at COP28

Associated Press  

DUBAI, United Arab Emirates — A European Union plan to tax the carbon pollution emitted to make goods imported from countries like India and China has sparked a debate at the United Nations climate conference in Dubai, as poorer countries fear such tariffs will harm livelihoods and economic growth. “CBAM’s sole aim is to prevent carbon leakage” elsewhere in the …

Levying border adjustment tax to meet green commitments morally wrong: Nirmala Sitharaman
1 year ago

Levying border adjustment tax to meet green commitments morally wrong: Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman on Thursday said any move on imposition of cross-border adjustment tax by developed countries to meet their green commitments is morally wrong and goes against the interest of developing countries of 'Global South'. "The single mono-sided decision of imposition of border adjustment tax.the logic just goes against the concern of the Global South. "But cross-border imposition …

Claim China obstructs climate agenda beggars belief
1 year, 4 months ago

Claim China obstructs climate agenda beggars belief

China Daily  

A wind farm generates power for grids in Zhoushan, Zhejiang province, on Aug 6, 2022. However, some Western media baselessly attributed it to "obstruction" by China with the purpose of discrediting China's contribution to promoting global climate governance. At the same time, it has vigorously promoted practical cooperation with other developing countries, signed 43 South-South cooperation documents on climate change …

Climate change: Which countries will foot the bill?
1 year, 5 months ago

Climate change: Which countries will foot the bill?

The Hindu  

Record-breaking heat in China. Climate finance refers to money that wealthy countries pay toward helping poorer nations reduce CO2 emissions and adapt to a hotter, harsher world. In a meeting with Kerry on Tuesday, Chinese Premier Li Qiang stressed that developed countries should deliver their unfulfilled climate finance commitments and take the lead in cutting emissions, according to Li's office. …

Climate talks as shortchanging international law
2 years ago

Climate talks as shortchanging international law

The Hindu  

Fraud in public law is the deliberate attempt to avoid provisions of the statute. Second, the process ignores that global well-being will also follow urbanisation of the developing country’s population, requiring fossil fuels for infrastructure and energy to achieve comparable levels. A scientific committee set up by the U.S. State Department had earlier concluded that “long range planning to cope …

Editor’s Pick | At COP-27, India and three others oppose ‘carbon border tax’
2 years, 1 month ago

Editor’s Pick | At COP-27, India and three others oppose ‘carbon border tax’

The Hindu  

India, along with Brazil, South Africa, and China, issued a joint statement on Wednesday saying that carbon border tax must be avoided as it can result in market distortion and aggravate the trust deficit among parties. The statement pointed that developed countries had “backtracked on finance and mitigation commitments and pledges” and there was a “significant increase” in the consumption …

COP27 | India, China, Brazil, South Africa oppose ‘carbon border tax’
2 years, 1 month ago

COP27 | India, China, Brazil, South Africa oppose ‘carbon border tax’

The Hindu  

With the 27th edition of the Conference of Parties in Sharm El Sheikh nearing its final stages and efforts being ramped up to arrive at a conclusive agreement, a consortium of countries that includes India has jointly stated that carbon border taxes, that could result in market distortion and aggravate the trust deficit amongst parties, must be avoided. BASIC, a …

Explained | Is the world’s climate action plan on track?
2 years, 1 month ago

Explained | Is the world’s climate action plan on track?

The Hindu  

The story so far: Leaders from around 200 countries will gather in the Egyptian city of Sharm El-Sheikh from November 6-18 for the 27th round of the Conference of Parties, or COP27, to deliberate on a global response to the increasing threat of climate change. Broadly, the summit seeks to “accelerate global climate action through emissions reduction, scaled-up adaptation efforts …

China tells Europe to not backslide on climate commitments
2 years, 3 months ago

China tells Europe to not backslide on climate commitments

Al Jazeera  

Europe insists the rise in coal use is only temporary and will have no long-term effects on targets to cut gas emissions in half. China has accused some European nations of a “backswing” in the implementation of urgent climate change goals as geopolitical turmoil grips the continent. Xie Zhenhua, who leads China’s climate negotiations, told Germany’s Special Climate Envoy Jennifer …

EXPLAINER: On China, US and climate, action, not talk is key
2 years, 4 months ago

EXPLAINER: On China, US and climate, action, not talk is key

Associated Press  

The last two agreements the world made to battle climate change came only after the United States and China, by far the two biggest carbon polluters, made deals with each other. “China’s announcement that it’s suspending talks on climate change is not surprising, but it definitely stings,” said Joanna Lewis, an expert on China, energy and climate at Georgetown University. …

Climate change cooperation needed in spite of challenges, says envoy
2 years, 6 months ago

Climate change cooperation needed in spite of challenges, says envoy

China Daily  

Technicians carry out maintenance work on turbines at a wind farm in Zhoushan, Zhejiang province, in January. Xie Zhenhua, China's special envoy for climate change, has called on nations to maintain the strategic focus on promoting the green transition despite challenges that are jeopardizing some nations' energy security. Xie said the COP26 United Nations climate change conference held in Glasgow, …

COP26: Climate Deal Struck at Glasgow With India's Coal Pushback, UN Says 'Not Enough'
3 years, 1 month ago

COP26: Climate Deal Struck at Glasgow With India's Coal Pushback, UN Says 'Not Enough'

News 18  

Negotiators from nearly 200 countries have accepted a new climate agreement after the COP26 summit in Glasgow concluded its extra time plenary on Saturday with a deal, which recognises India’s intervention for the world to “phase down” rather than “phase out” fossil fuels. Several countries criticised the change on fossil fuels promoted by India, even as Union Environment Minister Bhupender …

China and US announce deal to boost cooperation on climate change
3 years, 1 month ago

China and US announce deal to boost cooperation on climate change

Al Jazeera  

China and the United States, the world’s two largest emitters of carbon dioxide, unveiled a deal to ramp up cooperation tackling climate change, including by reducing methane emissions, protecting forests and phasing out coal. In a joint statement announced at the United Nations Climate Change Conference in Glasgow, the countries said they had reached an agreement to redouble efforts to …

China, US unveil separate big steps to fight climate change
3 years, 3 months ago

China, US unveil separate big steps to fight climate change

Associated Press  

The two biggest economies and largest carbon polluters in the world announced separate financial attacks on climate change Tuesday. “A coal-free energy mix is still decades in the future” because coal power plants typically operate for 50 years or more, said Stanford University environment director Chris Field. Starting in 2009 and then with “a grand bargain” in 2015 in Paris, …

India will oppose ‘unfair’ carbon border tax plans at COP26
3 years, 5 months ago

India will oppose ‘unfair’ carbon border tax plans at COP26

Live Mint  

India and other developing nations will oppose plans by the European Union and the US to penalize imports of carbon-intensive goods to curb emissions at the global climate summit to be held in Glasgow this November. “It is the most regressive proposal” with “no principle of equity adhered to,” Environment Minister Prakash Javadekar told Bloomberg New Energy Finance’s Vandana Gombar …

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