Page 4 - Cop27

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)

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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

UN chief concerned as divides threaten COP27 negotiations, deadline nears

The UN chief asked nations countries to deliver the kind of meaningful action that people and the planet desperately need. "The world is watching and has a simple message: stand and deliver," he said.

COP27: No climate crisis if global per capita emissions were at India level

There would be no climate crisis if emissions of the entire world were at the same per capita level as India, Union Environment Minister Bhupender Yadav said at the ongoing UN climate summit in Egypt on Thursday. Participating in a session on "Accelerating Resilient Infrastructure in Small Island Developing States" (SIDS) on the sidelines of COP27, Yadav said the Sixth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC) states clearly that the responsibility for warming is directly proportional to the contribution to cumulative emissions of carbon dioxide. All CO2 emissions, whenever they take place, contribute equally to warming, he said. "Considering per capita emissions, for an objective scale for comparison, India's emissions are, even today, about one-third of the global average. If the entire world were to emit at the same per capita level as India, the best available science tells that there would be no climate crisis," he added. At 2.4 tCO2e (tonne car

COP27: India opposes efforts to extend scope of mitigation to agriculture

India has opposed the developed world's efforts to extend the scope of mitigation to agriculture at the ongoing UN climate summit in Egypt, saying rich nations do not want to reduce emissions by changing their lifestyles and are "searching for cheaper solutions abroad", sources said on Thursday. Expressing concern over the draft decision text on the Koronivia Joint Work on Agriculture, India said the developed countries are blocking a pro-poor and pro-farmer decision by insisting on expanding the scope for mitigation to agriculture, thereby compromising the very foundation of food security in the world, a source in the Indian delegation said. "At every climate summit, the developed countries wish to change the goalposts of the international climate regime using diversionary means to dilute their responsibilities arising from their historical emissions. "Annex-I countries, it may be recalled, owe the world a carbon debt of 790 gigatonnes of carbon dioxide (GtCO2), which is worth USD

Best of BS Opinion: Increasing responsibilities, the governor's role & more

Here is the best of Business Standard's opinion pieces for today

COP27 summit 2022: Informal draft has little new for poor nations

Sticks to coal phase-down, seeks 'phase out and rationalisation' of fossil fuel subsidies

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

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

COP27 draft text omits India's proposal of phasing down all fossil fuels

The United Nations published a first draft of the climate deal on Thursday and it doesn't mention a phase down of all fossil fuels, a proposal that was put forward by India and supported by the European Union and many other countries. The draft encourages "the continued efforts to accelerate measures towards the phase down of unabated coal power and phase out and rationalize inefficient fossil fuel subsidies, in line with national circumstances and recognizing the need for support towards just transitions". Nearly the same language was used in the Glasgow Climate Pact last year. When contacted, a spokesperson of the Environment Ministry said the Indian negotiators do not wish to comment "as negotiations are going on". The cover text also doesn't mention when a loss and damage finance facility will be launched and what its contours will be. Poor and developing countries have demanded that the COP27 concludes with a decision to launch a fund to address loss and damage -- a term used

Attempts being made to forget rich nations' historical contribution: India

Rich nations are making a push to include language such as "major emitters and "top emitters" in the cover text of the ongoing UN climate summit in Egypt which is not acceptable to India, a member of the Indian delegation said. Developed countries want that all top emitters, particularly the top 20 including India and China, make intense emission cuts (to limit warming to 1.5 degree Celsius) and not just the rich nations which are historically responsible for climate change, the member told PTI on condition of anonymity. The cover text is being debated and reworked as ministers and negotiators from all parties try to reach an agreement by the summit's scheduled close on Friday. Providing details of the discussions in a blog post, Union Environment Minister Bhupender Yadav said the progress on key issues at the ongoing UN climate summit has not been good due to the "divergence of views on some fundamental approaches to climate issues". Key issues that remain unresolved include ...

Attempt underway to overlook rich nations' responsibilities: India at COP27

The progress on key issues at the ongoing UN climate summit has not been good due to the divergence of views on some fundamental approaches to climate issues, India said on Wednesday. Union Environment Minister Bhupender Yadav said there is a distinct attempt to "forget or overlook" historical contributions and responsibilities of developed nations. Yadav said India is co-leading (with Australia) ministerial consultations on key outstanding issues for climate finance. "Since the subject is sensitive, I am witness to intense negotiations on the issue," he said. India expects developed countries to provide climate finance of USD 1 trillion at the earliest, the minister said. Climate finance for adaptation, mitigation and addressing loss and damage is a key issue at the climate summit this year. Rich countries have repeatedly failed to mobilise USD 100 billion every year, a promise they made in 2009, to help developing countries cope with climate change. Developing countries, incl

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

Beyond Bali

India's presidency must make G20 more relevant

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

Haryana showcases initiatives to support climate goals at COP27 in Egypt

The side event showcased initiatives of the Haryana government that support climate goals and India's commitment for climate neutrality by 2070

BASIC countries call out rich nations' 'double standards' at COP27

The BASIC group, comprising India, China, Brazil and South Africa, has called out rich nations' "double standards" at the UN climate summit in Egypt, saying they have backtracked on their commitment to provide finance to developing countries to fight climate change and have increased consumption and production of fossil fuels instead. "BASIC countries are gravely concerned that developed countries are still not showing leadership or responding with a matching progression of effort. There has been backtracking on finance and mitigation commitments and pledges by developed countries," the four countries said in a joint statement. "There has also been a significant increase in the consumption and production of fossil fuels in the past year by developed countries, even as they continue to press developing countries to move away from the same resources. Such double standards are incompatible with climate equity and justice," the statement said. The ministers of BASIC countries met on the

No sector, fuel source should be singled out for action: India at COP27

No sector, fuel source or gas should be singled out for action in the fight against climate change, Environment Minister Bhupender Yadav has said at the UN climate summit in Egypt. India had proposed on Saturday that the talks wrap up with a decision to "phase down all fossil fuels". The call received support from the European Union on Tuesday. Participating in a BASIC ((Brazil, South Africa, India and China) ministerial meeting on Tuesday night, Yadav said developing countries should be provided their fair share of the full carbon budget and it can be done by "monetising the carbon debt of the developed countries". "In climate action, no sector, no fuel source and no gas should be singled out for action. In the spirit of the Paris Agreement, countries will do what is suitable as per their national circumstances," Yadav said. India also clarified that just transition cannot mean de-carbonisation for all countries. "For India, just transition means transition to a low-carbon ...

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