Time for India’s budget to devote enough space for climate action
5 months ago

Time for India’s budget to devote enough space for climate action

Hindustan Times  

How do you cost for climate change? Last year, the apex bank’s report on Currency and Finance outlined climate change’s impact on the country. That is why the Union Budget this year is an extraordinary opportunity to shape India’s climate action. What’s encouraging though is that, through previous Budget announcements, the government has consistently shown interest in acting on climate change and amplifying sustainability. With the right set of decisions, this Budget thus has the potential to outlive its tenure by making climate action the focus of India’s development story.

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History of this topic

The global warming fight has a challenge for India
1 day ago

The global warming fight has a challenge for India

The Hindu  

The outcome of the climate conference in Azerbaijan has been disappointing. Developed countries have accepted 2050, China 2060, and India 2070 as the deadline for energy transition to net zero emissions by 2070. We need to rapidly ramp up electricity generation to establish our claim to an energy level that is sufficient to sustain future growth before we are constrained …

Data dive: Dark clouds hover over India’s solar story
1 week ago

Data dive: Dark clouds hover over India’s solar story

Live Mint  

Recent charges of bribery by a US government agency against the Adani Group and its leadership have cast an unexpected spotlight on the Solar Energy Corporation of India—until now a relatively unknown company run by the central government. Solar’s share of electricity generated from renewable sources has Widening gap Of the 66 GW of solar power capacity installed as of …

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, …

India drops two places but remains among top 10 climate performers: Report
1 month ago

India drops two places but remains among top 10 climate performers: Report

Deccan Chronicle  

Baku : India remained in the top 10 on a list of 63 countries assessed for efforts to combat climate change, despite dropping two spots compared to an year ago, thanks to its low per-capita emissions and rapid deployment of renewables, a report said on Wednesday. The Climate Change Performance Index -- published by think tanks Germanwatch, New Climate Institute, …

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 …

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 …

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 …

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 …

India's push for $1 trillion in climate finance to take centre stage at COP29
1 month, 2 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 …

India's climate policies expected to reduce CO2 emissions by around 4 billion tonnes by 2030: Report
1 month, 2 weeks ago

India's climate policies expected to reduce CO2 emissions by around 4 billion tonnes by 2030: Report

The Hindu  

India's current climate policies are projected to reduce carbon dioxide emissions by around four billion tonnes between 2020 and 2030, and drive a 24% reduction in coal-based power generation, according to a new report. The study by Delhi-based independent think tank Council on Energy, Environment and Water said policies for India's power, residential and transport sectors have already saved 440 …

A climate crisis agenda remains urgent
3 months ago

A climate crisis agenda remains urgent

The Hindu  

The next five years are critical for India’s climate action efforts, given its ambitious 2030 targets. Key environmental issues that need urgent attention include reducing heat stress, improving air quality, managing waste, and enhancing energy efficiency. Encouraging businesses to view climate action as an opportunity rather than a challenge is essential, and acting swiftly on India’s carbon market is a …

Climate debate: Criticism of the Economic Survey misses the forest for the trees
4 months, 1 week ago

Climate debate: Criticism of the Economic Survey misses the forest for the trees

Live Mint  

Edward Said recounted how, when he critiqued Western scholars for biased depictions of the East, a prominent scholar dismissed his arguments by attacking his credibility rather than engaging with their substance. On 6 August, an oped in Mint argued that India’s Economic Survey “has wide gaps and odd arguments" on climate change. First, the charge that the survey adopts a …

Earth Overshoot Day to focus on sustainable life
4 months, 3 weeks ago

Earth Overshoot Day to focus on sustainable life

Deccan Chronicle  

India, with over 1.4 billion people, faces significant challenges due to population growth and increased consumption. The Global Footprint Network reports that India’s ecological footprint has grown exponentially. “Currently, India needs 2.6 times its resources to sustain its population, leading to depleted forests, reduced biodiversity, and climate change. A NITI Aayog report warns that by 2030, India’s water demand could …

India mustn’t lose time on a climate finance taxonomy
4 months, 3 weeks ago

India mustn’t lose time on a climate finance taxonomy

Live Mint  

India’s climate ambitions are as vast as its challenges. The Reserve Bank of India in a discussion paper also addressed India’s climate finance needs of more than $17 trillion to achieve net zero. The EU’s taxonomy follows the guiding principle of ‘do no harm’ while covering six broad goals: Climate change mitigation, adaptation, sustainable use and protection of marine sources, …

Budget 2024: Prioritising inclusivity and fiscal prudence
4 months, 4 weeks ago

Budget 2024: Prioritising inclusivity and fiscal prudence

The Hindu  

There was a lot of anticipation before this Budget. As the first major public policy announcement of the new government, it was expected that the Budget would lay down a plan of action for the following five years of the government’s approach towards the larger national vision of Viksit Bharat@2047. With the nine priority areas that followed, she articulated the …

Union Budget 2024: Top 5 takeaways for salaried persons, job seekers
4 months, 4 weeks ago

Union Budget 2024: Top 5 takeaways for salaried persons, job seekers

Hindustan Times  

Budget 2024: Finance minister Nirmala Sitharaman on Tuesday presented the Union Budget 2024-25 during the Monsoon Session of Parliament. Union finance minister Nirmala Sitharaman presents the Union Budget 2024-25 in Lok Sabha in New Delhi on July 23. Hike in standard deduction In the budget, finance minister Nirmala Sitharaman announced an increase in the standard deduction for salaried employees from …

Budget 2024: A blueprint for sustainable growth and employment
4 months, 4 weeks ago

Budget 2024: A blueprint for sustainable growth and employment

The Hindu  

I would like to congratulate the Finance Minister for laying a well-defined road map for Viksit Bharat 2047 while continuing the focus on the immediate requirement. The support for the manufacturing sector, a package for employment generation, and the skilling and upskilling for 4.1 crore youth across sectors, are some of the key highlights of this budget. This, coupled with …

Budget 2024: For Developed India by 2047, Sitharaman banks on renewable & nuclear energy
5 months ago

Budget 2024: For Developed India by 2047, Sitharaman banks on renewable & nuclear energy

Firstpost  

The Budget 2024-25 makes way for private sector’s participation in the research and development of small modular nuclear reactors to boost India’s nuclear energy capacity Union Finance Minister Nirmala Sitharaman made announcements related to nuclear energy production and private sector's role in it in the Budget 2024 As the fastest-growing major economy that Prime Minister Narendra Modi has set 2047 …

The budget echoes the Developed India vision
5 months ago

The budget echoes the Developed India vision

Hindustan Times  

Finance minister Nirmala Sitharaman has meticulously assessed India’s economic vitality. New Delhi, India - July 23, 2024: Union Finance Minister Nirmala Sitharaman during Post Budget Press Conference at National Media Centre, in New Delhi, India, on Tuesday, July 23, 2024. Budget 2024 unveiled a comprehensive strategy built on nine foundational pillars — agriculture, employment, inclusive development, manufacturing and services, urban …

9 priorities of Union Budget 2024: Energy security to next-gen reforms
5 months ago

9 priorities of Union Budget 2024: Energy security to next-gen reforms

Hindustan Times  

Finance minister Nirmala Sitharaman on Tuesday presented the Budget for 2024-25. Budget 2024: Finance minister Nirmala Sitharaman presents Budget 2024-25 with 9 priorities for 'Viksit Bharat' Follow- Budget 2024 Live Updates This is the first Budget under Prime Minister Narendra Modi's third term in office. While presenting the Budget in the Lok Sabha, FM Nirmala Sitharaman said despite ongoing global …

Union Budget 2024 India: Sitharaman Announces 5 Schemes Focusing On 4.1 Crore Youth Over Next 5 Years
5 months ago

Union Budget 2024 India: Sitharaman Announces 5 Schemes Focusing On 4.1 Crore Youth Over Next 5 Years

ABP News  

Union Budget 2024 India: Finance Minister Nirmala Sitharaman in her announcement during the Budget speech revealed that the Modi 3.0 government will launch five major schemes focusing on 4.1 crore youth over the next five years, with a substantial central outlay of Rs 2 lakh crore. The Finance Minister emphasized that 20 lakh youth will receive training and skill development …

Budget 2024: Key announcements by Finance Minister Nirmala Sitharaman
5 months ago

Budget 2024: Key announcements by Finance Minister Nirmala Sitharaman

India TV News  

Budget 2024: Union Finance Minister Nirmala Sitharaman, on Tuesday, July 23, 2024, presented the first budget of the Modi government 3.0, after it was re-elected to power for the third consecutive time, in the 2024 Lok Sabha elections. Union Finance Minister Nirmala Sitharaman said, "As mentioned in the interim Budget, we need to focus on 4 different castes, the poor, …

Union Budget 2024: What politicians expect - addressing unemployment and inflation issues, increasing fund assistance
5 months ago

Union Budget 2024: What politicians expect - addressing unemployment and inflation issues, increasing fund assistance

Live Mint  

Union Budget 2024: Finance Minister Nirmala Sitharaman will present the Union Budget for 2024-2025 in Parliament today, July 23, 2024, at 11:00 a.m. Minutes before the unveiling of the Union Budget, Shiv Sena MP Priyanka Chaturvedi told ANI, “I hope Nirmala Sitharaman ji will provide some relief from rising inflation and unemployment and the government will talk about 'Jan ki …

Union Budget 2024 Highlights: Record High Capex In Budget Will Drive The Economy, Says PM Modi
5 months ago

Union Budget 2024 Highlights: Record High Capex In Budget Will Drive The Economy, Says PM Modi

ABP News  

Union Budget 2024 Highlights: Hello and welcome to ABP Live's Budget 2024 LIVE blog. Budget 2024 Live GDP Growth Rate: On Monday, the FM presented the Economic Survey ahead of the final Budget and set the focus points for the nation ahead. Union Budget 2024 Trade And Hirings: The survey projected a positive outlook for global trade in 2024 as …

Economic Survey 2023-24: Balancing growth and green goals a tightrope walk for India
5 months ago

Economic Survey 2023-24: Balancing growth and green goals a tightrope walk for India

The Hindu  

India's path to sustainable development is fraught with challenges, as the country grapples with the twin imperatives of meeting burgeoning energy demands and reducing carbon emissions, the Economic Survey 2023-24 revealed on July 22. Tabled in the Parliament, the Survey underscores the complexities of India's green transition, emphasizing the need for a diversified energy portfolio to achieve ambitious growth targets …

Budget 2024 Expectations Highlights: Will Govt Bring Changes In Old and New Tax Regimes?
5 months ago

Budget 2024 Expectations Highlights: Will Govt Bring Changes In Old and New Tax Regimes?

News 18  

Union Budget 2024 LIVE: Will FM Will Give Affordable Housing Initiatives? home buyers.” Budget 2024 Expectations Live Updates: Demand For Innovation In Renewable Technologies Anmol Singh Jaggi, Chairman and Managing Director, Gensol Engineering, said; “As India’s energy demand rises, boosting the share of renewables is crucial for energy security and sustainability, the upcoming union budget is expected to focus on …

Sitharaman to present Budget 2024: Understanding the Budget, its impact on India's economy
5 months ago

Sitharaman to present Budget 2024: Understanding the Budget, its impact on India's economy

India TV News  

Finance Minister Nirmala Sitharaman will present the Union Budget 2024–25 on Tuesday, marking the first budget of Prime Minister Narendra Modi's third successive government. By adjusting tax policies and government spending, the budget can incentivize business investments, boost economic activity, and address public needs such as education and healthcare. The presentation of the Union Budget 2024–25 will be a critical …

Union Budget 2024: A look at 5 big themes before Sitharaman reveals cards
5 months ago

Union Budget 2024: A look at 5 big themes before Sitharaman reveals cards

Firstpost  

As the country waits with bated breaths for the 2024 Union Budget, here’s a look at some of the big themes experts believe will take centre stage With the completion of the customary Halwa Ceremony, Finance Minister Nirmala Sitharaman is all set to table the 2024 Union Budget. Key themes before Sitharaman shows her cards According to analysts, the following …

Union Budget 2024 Expectations LIVE: Will FM Nirmala Sitharaman Increase Section 80C Deduction Limit?
5 months, 1 week ago

Union Budget 2024 Expectations LIVE: Will FM Nirmala Sitharaman Increase Section 80C Deduction Limit?

News 18  

Budget 2024 Expectations from Education Sector Union Budget 2024 Latest Updates: In the new globalised world, education has become the passport to progress and students across India are looking for opportunities. Budget 2024 Wishlist from Healthcare Sector Union Budget 2024 Latest Updates: Healthcare is a rapidly growing sector in the country but needs attention from the government to ensure access …

Unheeded priorities of climate action
5 months, 1 week ago

Unheeded priorities of climate action

New Indian Express  

The rising accumulation of greenhouse gases in the atmosphere is threatening a potentially catastrophic change in the living and working conditions of humanity. Controlling the addition of carbon dioxide, methane and other greenhouse gases into the layer requires cooperation at the global level and a fair distribution of mitigation actions. At present, what we have is the Paris agreement in …

Budget 2024: PM Modi meets economists ahead of Budget
5 months, 1 week ago

Budget 2024: PM Modi meets economists ahead of Budget

The Hindu  

Prime Minister Narendra Modi is meeting eminent economists on July 11 to elicit their views and suggestions for the upcoming Budget, a senior government official said. Union Finance Minister Nirmala Sitharaman is scheduled to present the Budget for 2024-25 in the Lok Sabha on July 23. Finance Minister Sitharaman, Planning Minister Rao Inderjit Singh, Chief Economic Advisor V. Anantha Nageswaran …

Budget 2024: These are 7 demands by government employees' union for Centre
5 months, 2 weeks ago

Budget 2024: These are 7 demands by government employees' union for Centre

Hindustan Times  

The Confederation of Central Government Employees and Workers sent a proposal to the Centre with seven demands ahead of the Union Budget 2024. The union demanded the constitution of the 8th Pay Commission, restoration of the OPS, release of the 18-month dearness allowance and relief which was frozen during the Covid-19 pandemic to employees and pensioners among other things, in …

The shape of a five-year climate agenda for India
5 months, 2 weeks ago

The shape of a five-year climate agenda for India

The Hindu  

As the new government settles in, what it does to scale up climate action will affect every Ministry, new and old, and every sector, big and small. Some of its choices would be pivotal to how India structures its economic path in a sustainable way, positions itself as the voice of the Global South at the right tables, and fights …

Climate litigation gets shot in the arm, climate justice is not far behind in India
8 months, 1 week ago

Climate litigation gets shot in the arm, climate justice is not far behind in India

Hindustan Times  

The seeds of climate justice that were sown a few years ago in several milestone judgments by the apex court, have now perhaps given rise to its first significant shoot in the form of the judgment delivered earlier this week in the now famous Great Indian Bustard case. While the apex court has to be lauded for fortifying and expanding …

Environmental federalism crucial for climate action
8 months, 3 weeks ago

Environmental federalism crucial for climate action

New Indian Express  

Climate change issues manifest more prominently at regional level compared to their aggregate impact nationally. The 2020 draft notification of the Environmental Impact Assessment authorised the Centre to appoint members of the State Environment Impact Assessment Authority, relegating the state governments to a mere recommending role. Some State Action Plans for Climate Change, developed in alignment with national strategies, are …

In a first, BMC announces climate budget, expected by year-end
10 months, 2 weeks ago

In a first, BMC announces climate budget, expected by year-end

Hindustan Times  

Mumbai: While announcing the annual Brihanmumbai Municipal Corporation budget for the financial year 2024 -25 on Friday, Iqbal S Chahal, municipal commissioner, has announced a green budget book, also called a climate budget, which will be released by the end of the year. Iqbal S Chahal, municipal commissioner, has announced a green budget book, also called a climate budget, which …

Budget 2024: Highlights of Finance Minister Nirmala Sitharaman’s Interim Budget
10 months, 3 weeks ago

Budget 2024: Highlights of Finance Minister Nirmala Sitharaman’s Interim Budget

The Hindu  

Finance Minister Nirmala Sitharaman presented the 2024 Interim Budget in Parliament today, ahead of the Lok Sabha elections expected to be held mid-year. On the direct taxation front, Ms. Sitharaman proposed to withdraw outstanding tax demands up to ₹25,000 for the period up to the financial year 2009-10 and up to ₹10,000 for financial years 2010-11 to 2014-15. On the …

Budget 2024: Govt vows to launch new scheme to bolster deep-tech for defence sector
10 months, 3 weeks ago

Budget 2024: Govt vows to launch new scheme to bolster deep-tech for defence sector

India TV News  

Budget 2024: Union Finance Minister Nirmala Sitharaman on Thursday presented the interim Budget in Parliament ahead of the Lok Sabha elections. In her Budget speech, she said that a new scheme will be launched to bolster deep tech for the defence sector. 'Govt committed to strengthening economy' The Finance Minister said the Modi government stands committed to strengthening and expanding …

Interim Budget 2024-2025 documents presented by FM Nirmala Sitharaman
10 months, 3 weeks ago

Interim Budget 2024-2025 documents presented by FM Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman presented the Interim Budget 2024-2025 in the Lok Sabha on February 1. Highlighting the achievements of the Modi Government for the past 10 years, Ms. Sitharaman left the tax slabs unchanged and stuck to the convention of not making any major announcements while presenting the interim Budget. The Interim Budget 2024-25 will be a vote-on-account that …

Rural Housing scheme - Budget 2024: Nirmala Sitharaman highlights progress toward 3 crore rural houses, plans for additional 2 crore in next five years
10 months, 3 weeks ago

Rural Housing scheme - Budget 2024: Nirmala Sitharaman highlights progress toward 3 crore rural houses, plans for additional 2 crore in next five years

The Hindu  

The country is close to achieving the target of 3 crore houses under the rural housing scheme and two crore more will be constructed in the next five years, Union Finance Minister Nirmala Sitharaman said on Thursday, February 1, 2024. Earlier this month, Prime Minister Narendra Modi released the first instalment of ₹540 crore to one lakh beneficiaries of a …

Budget 2024: Can India become a $7 trillion economy by 2030?
10 months, 3 weeks ago

Budget 2024: Can India become a $7 trillion economy by 2030?

India Today  

A recent review report released by the government has estimated India's potential economic trajectory, aiming to hit the $7 trillion mark by 2030, ahead of the upcoming Interim Budget 2024-25. "India's unwavering commitment to ensuring steady economic growth is generating resources for investment needed for climate change adaptation, building resilience, and mitigating emissions,' the Finance Ministry report said. The report …

COP28: Adaptation draft misses key issue of climate finance
1 year ago

COP28: Adaptation draft misses key issue of climate finance

Hindustan Times  

A new text on the Global Goal on Adaptation released on Wednesday at the UN Climate Change Conference in Dubai lists seven targets, including significantly reducing climate-induced water scarcity, for implementation by and beyond 2030, but it doesn’t provide for adequate climate finance to put these adaptation measures in place. The text urges parties to take on seven adaptation measures …

Equity and climate justice must be basis of climate action: India at COP28
1 year ago

Equity and climate justice must be basis of climate action: India at COP28

The Hindu  

India firmly believes that equity and climate justice must be the basis of climate action and this can be ensured only when the developed countries take the lead in combating climate change, Environment Minister Bhupendra Yadav said in Dubai at the COP28 on December 9. Delivering the national statement at the high-level segment during the ongoing annual climate conference, Mr. …

New climate draft seeks tripling of renewable energy capacity
1 year ago

New climate draft seeks tripling of renewable energy capacity

The Hindu  

The latest draft of the Global Stocktake, one of the key documents being negotiated at the UN’s climate summit in Dubai, has linked the tripling of renewable energy capacity with a ‘phase-out’, or a time-bound ending, of the use of fossil fuels. “Tripling renewable energy capacity globally by 2030. ensuring that the increase in renewable energy capacity is strategically implemented …

COP28: India’s urban population is exploding. That could have huge consequences for the planet
1 year ago

COP28: India’s urban population is exploding. That could have huge consequences for the planet

CNN  

New Delhi CNN — Over half a century ago, India’s then Prime Minister Indira Gandhi talked about the staggering challenge for developing nations: to industrialize without harming the environment. Addressing the opening session of the COP28 climate talks in Dubai on Friday, India’s current prime minister, Narendra Modi, said all developing countries must be given “a fair share in the …

DC Edit | India can still be part of climate deal
1 year ago

DC Edit | India can still be part of climate deal

Deccan Chronicle  

It is surprising that India was not among the 118 nations that signed the Global Renewables and Energy Efficiency Pledge at the climate summit in Dubai to triple the installed renewable energy capacity by the turn of the decade. As Prime Minister Narendra Modi pointed out in his address to the summit during his flying visit, India may be the …

PM Modi likely to attend UN climate talks in UAE on Nov 30-Dec 1
1 year ago

PM Modi likely to attend UN climate talks in UAE on Nov 30-Dec 1

The Hindu  

Prime Minister Narendra Modi will attend the UN climate talks in Dubai on November 1 and deliver a national statement highlighting India's climate action, sources said on November 24. The Prime Minister will reach the UAE on November 30, deliver India's national statement during the United Nations' World Climate Action Summit on December 1 and return the same day, a …

Climate diplomacy must begin at home
1 year, 1 month ago

Climate diplomacy must begin at home

Hindustan Times  

Long gone are the days when India’s climate postures were ostensibly defensive. In its quest to achieve its 2030 transition and 2070 net zero targets at home, India’s climate diplomacy has been forward looking. In its rush to join or create new international platforms, India must not forget to build domestic strategic capacity that can better define, articulate, and implement …

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