Page 7 - Climate Finance

Making fast progress in strengthening early warning systems: India at COP27

With climate finance still scarce, climate adaptation in the form of early warning dissemination is key to safeguarding lives and livelihoods from cascading natural hazards causing substantial losses around the world, Union Environment Minister Bhupender Yadav said at the UN Climate Conference (COP27) in Egypt on Monday. Speaking at the UN Secretary General High Level Round Table to launch the "Early Warnings for All Executive Action Plan", Yadav stressed that the global pace of climate mitigation is not enough to contain the rate of climate change. There is an urgent need to acknowledge the cascading natural hazards that cause substantial losses around the world, he said, adding that India fully supports the UN secretary general's agenda to achieve "Early Warnings for All". With the intensification of tropical cyclones in the Pacific and the Caribbean, small tropical States have lost 200 per cent of their national income in a few hours. Such instances could have devastating ...

What is COP27, and what issues are expected to be discussed at the summit?

Among other top agendas is the discussion on compensating the poor or developing nations for the 'loss and damage' due to climate change

Environment minister Bhupender Yadav inaugurates India Pavilion at COP27

The minister also felicitated the COP Young Scholars from India who worked towards Positive Climate Change solutions

India to seek clarity on $100 billion climate financing at COP27

Union Minister of Environment, Forest and Climate Change Bhupender Yadav will represent India at the session

India will demand 'action' from developed nations at COP27: Bhupender Yadav

India will demand "action" in terms of climate finance, technology transfer and capacity building from developed countries to help developing countries fight climate change, Union Environment Minister Bhupender Yadav said on Thursday, ahead of the 27th edition of the Conference of Parties (COP) to UNFCCC. "COP27 should be COP for action in terms of climate finance, technology transfer and capacity building. This is our overall approach. India will seek clarity as to what is being termed as climate finance -- whether it is grants, loans or subsidies. Public and private finance should be separated. These issues will be taken up strongly," the minister told reporters here. US President Joe Biden, UK Prime Minister Rishi Sunak and more than 100 heads of states are expected to attend the conference which will be organised at Sharm El-Sheikh in Egypt in from November 6 to 18. It is not yet clear if Prime Minister Narendra Modi will attend it. "Even some developed countries" will join Ind

Adaptation target not keeping pace with growing risks: UNEP Report

Adaptation finance flows to developing countries are 5 to 10 times below estimated needs

COP27: All eyes on Egypt to steer climate finance towards adaptation

With the summit happening amid Ukraine war and recession fears, budget cuts for climate are apprehended as nations use money to secure energy and development aid shifts towards humanitarian projects

Climate aid to developing nations to take a hit amid global headwinds

India had proposed a loss and damage fund last year, but the COP26 final text steered clear of it

Working to implement common KYC for financial transactions: FM Sitharaman

Says developed nations haven't done their bit on climate change

G7 nations consistently breaking promises for climate finance: Report

CARE's analysis uses data reported to the United Nations Framework Convention on Climate Change (UNFCCC) to assess whether this reported climate finance is in fact "new and additional"

Is climate finance the next bubble?

Asset managers think that tens of trillions of dollars, mostly in the form of green finance, could be available for environmental, social, and governance (ESG) lending

Fragile win in Glasgow

COP26 kicks can down the road to Cairo

Climate finance isn't charity by rich: Indian environment minister at COP26

Bhupender Yadav says rich countries have an obligation, responsibility, duty and a vow to provide climate finance to developing nations

PM Narendra Modi calls for transparent finance at Biden-led COP26 event

The prime minister on Tuesday underlined the need to ensure transparent climate finance

Asian Development Bank gets $665 million for climate projects

ASEAN countries have a unique opportunity to build a green and inclusive future after the COVID-19 pandemic, ADB President Masatsugu Asakawa said

PM Modi calls for transparent finance at Biden-led COP26 event

Prime Minister Narendra Modi on Tuesday underlined the need to ensure transparent climate finance as part of important aspects in infrastructure creation during a roundtable event initiated by US President Joe Biden on the sidelines of the COP26 climate summit here. Prime Minister Modi participated in a Build Back Better for the World (B3W) roundtable, which included addresses by Biden, British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen. "The PM underlined the need to ensure 4 aspects in infrastructure creation: Climate resilience, incorporating traditional knowledge; prioritising poor & vulnerable; and sustainable & transparent finance that respects the sovereignty & territorial integrity of all countries, the Ministry of External Affairs (MEA) said with reference to the event. India has been objecting to Chinese infrastructure building in its neighbourhood under the Belt and Road Initiative (BRI). Under the BRI, China and Pakistan

BlackRock raises $673 million for climate-focused infrastructure fund

BlackRock and the fund's other backers are trying to muster more support for such emerging markets-focused initiatives at the COP26 United Nations Climate Change Conference in Glasgow

Developed nations did not meet yearly $100 bn support goal: India at COP26

Prime Minister Narendra Modi, who is also attending the crucial conference, will be addressing leaders from nearly 200 countries on November 1 and 2

Climate finance could make or break the COP26 summit. Here's why

Developed countries confirmed last week they had failed to meet a pledge made in 2009 to provide $100 billion a year in climate finance by 2020

COP26 summit: India's climate destiny depends upon negotiations in Glasgow

The country's climate negotiators at Glasgow will have to strike a balance between development needs and global pressures to do more