Page 2 - Climate Policy

Leadership roundtable at WETEX, DSS discuss ways to achieve climate goals

We seek to galvanise and coordinate the efforts of all stakeholders in the government and private sectors to support climate action

Current climate policies not enough to meet Paris targets: Lancet study

Attempts to pursue "green growth" in high-income countries will not deliver the emission reductions required to meet the climate targets and fairness principles of the Paris Agreement, according to a study. The study, published recently in The Lancet Planetary Health journal, shows that if current trends continue, even the 11 high-income countries that have "decoupled" carbon emissions from gross domestic product (GDP) growth would on average take over 200 years to get their emissions close to zero. These countries would emit more than 27-times their fair share of the "global carbon budget" that must not be exceeded if we are to avert catastrophic warming beyond 1.5 degrees Celsius, as required by the Paris Agreement. The researchers argue that the pursuit of economic growth in high-income countries is at odds with internationally agreed climate targets, and call for transformative "post-growth" climate policy centred around sufficiency, fairness, and wellbeing. The study compared

IFSCA, Climate Policy Initiative sign pact on sustainable finance

Offshore financial transaction regulator IFSCA on Tuesday said it has signed an agreement with think tank Climate Policy Initiative for cooperation to increase mobilisation of global sustainable capital flows into India. Sustainable development is a key priority of G20 working groups. Mobilisation of sustainable finance is critical to achieving transition to green and resilient economies. IFSCA (International Financial Services Centres Authority) has taken significant steps to accelerate global sustainable capital flows by creating a conducive regulatory environment, based on international best practices, focused especially on the needs of India and developing countries, the regulator said in a statement. With deep expertise in finance and policy, Climate Policy Initiative (CPI) is an analysis and advisory organisation that works to improve the most important energy and land use practices around the world, it said. CPI's mission is to help governments, businesses, and financial ...

European Commission's climate policy chief on two-day mission to India

The European Commission's climate policy chief Frans Timmermans is arriving in India on Thursday for a two-day crucial diplomatic mission to discuss latest developments at the national level on emission reductions and clean energy transition. Environmental protection and the United Nations Climate Change Conference in Dubai later this year will also be part of the discussion. According to a statement from the Delegation of the European Union to India, the Executive Vice-President for the European Green Deal will hold bilateral meetings with Union Environment Minister Bhupender Yadav; Minister of Power, New and Renewable Energy Raj Kumar Singh, Minister of Coal Prahlad Joshi; and Minister for Petroleum and Natural Gas Hardeep Singh Puri. These meetings aim to foster collaboration and explore potential avenues for cooperation between the European Union (EU) and India in tackling the pressing climate challenges. Timmermans will participate in a high-level round table organised by the

EC's climate policy chief on two-day diplomatic mission to India from Thu

European Commission's climate policy chief Frans Timmermans will be on a two-day crucial diplomatic mission to India from Thursday to discuss latest developments at the national level on emission reductions and clean energy transition. Environmental protection and the UN climate change conference in Dubai later this year will also be part of the discussion. According to a statement from the Delegation of the European Union to India, the Executive Vice-President for the European Green Deal will hold bilateral meetings with Union Environment Minister Bhupender Yadav; Minister of Power, New and Renewable Energy Raj Kumar Singh, Minister of Coal Prahlad Joshi; and Minister for Petroleum and Natural Gas Hardeep Singh Puri. These meetings aim to foster collaboration and explore potential avenues for cooperation between the European Union (EU) and India in tackling the pressing climate challenges. On Thursday, Timmermans will participate in a high-level round table organised by the Counci

India climate policy aims at sustainable development: Environment minister

Bhupender Yadav on Sunday said that India's climate policy is directed towards sustainable development and poverty eradication, while striving continuously to decouple emissions

Necessary to include human rights issues in climate policies: NHRC

It is necessary to include human rights issues in climate policies and programmes along with proper funding of social protection schemes to promote local knowledge and assist community-led adaptation to the effects of climate change, the head of India's human rights commission has said. Addressing an international conference on climate change in the Qatari capital Doha, Justice Arun Mishra, Chairperson of the National Human Rights Commission (NHRC) of India, said that the human-induced build-up of Green House Gases is causing climate change and raising serious concerns about human rights. He said that climate change causes displacement, loss of property, income and access to essential services like healthcare and education due to which the vulnerable groups suffer the most. "Therefore, it is necessary to include human rights issues into climate policies and programmes along with proper funding of social protection schemes to promote local knowledge and assist community-led adaptatio

Reserve Bank announces guidelines on climate risk, sustainable finance

The guidelines consist of a broad framework for acceptance of green deposits, disclosure frameworks on climate-related financial risks and guidance on climate scenario analysis and stress testing

Germany returns to coal as energy crisis overpowers climate targets

Europe's largest economy is burning the fossil fuel for electricity at the fastest pace in at least six years

Tamil Nadu to achieve carbon neutrality before India's 2070 target: Stalin

State govt has set up the Tamil Nadu Governing Council on Climate Change, the first such to be headed by a CM

EVs lead climate tech funding but more needed for niche solutions: Experts

Climate tech start-ups traditionally require longer gestation periods due to which the sector has not generated strong commercial returns recently

COP27 fails to turn off the oil tap as global production hits all-time high

The latest global climate summit has failed to even mention the reduction of fossil fuel usage, a key demand from India, in the final agreement text at Egypt

Five changes that can help India reach its green energy goal faster

Experts say India will need systemic changes in policy and electricity infrastructure to quickly ramp up its renewable energy capacity

India submits long-term low emission development strategy at COP27

The emission strategy also envisages maximising the use of green hydrogen fuel to drive the low carbon development of the transport sector

India expected to see faster progress towards clean energy economy: Report

At least three of the four top emitters of greenhouse gases -- China, the EU and India -- are expected to see faster progress towards a clean energy economy than they have set out in national plans or NDCs, according to a new analysis released on Monday, coinciding with the UN climate summit in Egypt. According to "Global Carbon Budget Report 2022", the top four CO2 emitters in 2021 were China (31 per cent), the US (14 per cent), the European Union (8 per cent) and India (7 per cent). The report, "Big Four: Are major emitters downplaying their climate and clean energy progress?", by the UK-based Energy and Climate Intelligence Unit, suggests interconnected global crises and market mechanisms are driving the shift towards electric vehicles, low-carbon heating and renewables around the world, in particular in those four countries. Rapid price reductions, which make wind and solar power vastly cheaper than fossil fuel alternatives, concerns over energy security and access, and in Europ

Climate projections again point to 2.7C rise if policies don't improve

The research partnership Climate Action Tracker on Thursday released its latest projections of how greenhouse gas emissions may dangerously raise the global average temperature

Switzerland is paying poorer nations to cut emissions on its behalf

The agreements raise concerns that other countries will follow suit, delaying more difficult cuts of greenhouse gas emissions in wealthier nations

What happens after warming hits 1.5C? A guide to climate overshoot

"The thing that's obviously really important to say is that the 1.5C limit is a political limit," says David Keith, a Harvard University physicist and an adviser to the Climate Overshoot Commission

COP 27: What and why of the historic latest edition at Sharm el-Sheikh

The conference will also look seriously into the "adaptation" aspect of climate policy, focusing on how best to adapt to the consequences of climate change, like increased floods, fires and storms

Poor nations to seek assistance for climate actions at COP27: LDC Chief

The chair of an influential negotiating bloc in the upcoming United Nations climate summit in Egypt has called for compensation for poorer countries suffering from climate change to be high up on the agenda. Madeleine Diouf Sarr, who chairs the Least Developed Countries group, told The Associated Press that the November conference known as COP27 should capture the voice and needs of the most climate-vulnerable nations and deliver climate justice. Sarr said the group would like to see an agreement to establish a dedicated financial facility that pays nations that are already facing the effects of climate change at the summit. The LDC group, comprised of 46 nations that make up just a small fraction of global emissions, negotiates as a bloc at the UN summit to champion the interests of developing countries. Issues such as who pays for poorer nations to transition to cleaner energy, making sure no communities get left behind in an energy transition and boosting how well vulnerable ..