Page 69 - Latest Updates on Climate Change
FM Nirmala Sitharaman to kick-start pre-Budget meetings from Monday
On November 22, Sitharaman would meet agriculture and agro processing industry, representatives from financial sector and capital markets
 "FM Nirmala Sitharaman to kick-start pre-Budget meetings from Monday")
UN Secy, COP27 Prez urge nations to deliver through much-needed pacts
To this end, the COP27 Presidency, with the support of UN-Habitat, convened the first-ever Ministerial Meeting on Urbanization and Climate Change at a UN Climate Change Conference of Parties (COP)
 "UN Secy, COP27 Prez urge nations to deliver through much-needed pacts")
COP27: To decarbonise by 2050, India needs investments of at least $7 trn
And India's progress towards net zero by 2070 will depend on how successful it is in facilitating an orderly transition to a clean economy
 "COP27: To decarbonise by 2050, India needs investments of at least $7 trn")
COP27: India opposes efforts to extend scope of mitigation to agriculture
India made it clear that the world is facing a climate crisis today because of the excessive historic cumulative emissions by the developed nations.
 "COP27: India opposes efforts to extend scope of mitigation to agriculture")
Global assessment reveals huge potential of peatlands as climate solution
These findings are part of the Global Peatlands Assessment, published on Thursday by the UN Environment Programme (UNEP)
 "Global assessment reveals huge potential of peatlands as climate solution")
COP27 summit 2022: Informal draft has little new for poor nations
Focus is on coal 'phase-down', 'phase out and rationalise' fossil fuel subsidies
 "COP27 summit 2022: Informal draft has little new for poor nations")
COP27: Over 200 stakeholders to accelerate zero-emission transportation
A2Z Coalition's partners also work on the acceleration of zero-emission medium and heavy duty vehicles
 "COP27: Over 200 stakeholders to accelerate zero-emission transportation")
Emission level checks crucial for climate change: Bhupender Yadav at COP27
The minister said that India is committed to both domestic action and multilateral cooperation on climate change
 "Emission level checks crucial for climate change: Bhupender Yadav at COP27")
COP27 draft text omits India's proposal of phasing down all fossil fuels
When contacted, a spokesperson of the Environment Ministry said the Indian negotiators do not wish to comment "as negotiations are going on"
BASIC Nations criticise developed world for backtracking on climate finance
They say fossil fuel use in Global North has risen, call it "double standards towards climate equity"; note that climate finance from developed nations continues to fall short of $100 bn a year goal
 "BASIC Nations criticise developed world for backtracking on climate finance")
Beyond Bali
India's presidency must make G20 more relevant
 "Beyond Bali")
Developed nations backtrack on climate fund: Small island states at COP27
The inaction of many developed countries has potential to stall talks and deal a devastating blow to hopes of the developing world for the establishment of a loss and damage funding facility at COP27
 "Developed nations backtrack on climate fund: Small island states at COP27")
BASIC countries call out rich nations' 'double standards' at COP27
The ministers of BASIC countries met on the sidelines of COP27 on Tuesday as the negotiations enter the final phase
 "BASIC countries call out rich nations' 'double standards' at COP27")
COP27: Nations pledge added support to GEF funds to tackle climate crisis
Several welcomed the SCCF's dedicated focus on Small Island Developing States as a key avenue of climate finance that is otherwise lacking
 "COP27: Nations pledge added support to GEF funds to tackle climate crisis")
South Korea to provide $2.72 million to international global climate fund
Seoul will contribute 1.2 billion won per annum to the Adaptation Fund over the next three years from 2023, Yonhap news agency reported, citing a statement by the ministry
 "South Korea to provide $2.72 million to international global climate fund")
Focus is to capture, not halt, carbon emissions: Coal min Pralhad Joshi
'Both domestic exploration and buying stake in overseas mineral mines is on the agenda'
 "Focus is to capture, not halt, carbon emissions: Coal min Pralhad Joshi")
India ranks eighth, moving up two spots on Climate Change Performance Index
In 2022 and 2021, India stood at the 10th spot on the CCPI, while in 2020, it ranked ninth
 "India ranks eighth, moving up two spots on Climate Change Performance Index")
India started intense coal gasification drive to reduce emissions: Joshi
Coal Minister Pralhad Joshi said that India is committed towards meeting its obligation on climate change and has already started intense coal gasification drive
For states, climate change and energy transition are Centre's concern
The focus of a majority remains on distributing free and subsidised coal-based power
 "For states, climate change and energy transition are Centre's concern")
Submitted long-term low emissions growth strategy: India at COP27
Reiterates its climate goals in its National Statement
 "Submitted long-term low emissions growth strategy: India at COP27")