Page 5 - Cop27

COP27: Australia announces to sign up with global offshore wind alliance

The alliance aims to increase the global capacity of offshore wind power generation from about 60 gigawatts (GW) currently to 380 GW by 2030

Must not promote restriction on energy supply: PM Modi at Bali meet

Modi holds talks with Biden, Sunak, Macron

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

Submitted long-term low emissions growth strategy: India at COP27

Reiterates its climate goals in its National Statement

LIVE News updates: Another earthquake hits Nepal, fourth in 2 weeks time

Live news updates: The UN said that it took about 12 years for the world population to grow from 7 to 8 billion

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

Pak PM Shehbaz Sharif tests positive for Covid-19 after returning from UK

Pakistan Prime Minister Shehbaz Sharif tested postive for COVID-19, a day after returning from his trip to the UK, Information Minister Marriyum Aurangzeb said on Tuesday. Shehbaz, 71, returned to Pakistan on Monday after taking a detour to London from the COP27 climate conference in Egypt to visit his elder brother Nawaz Sharif. In a tweet, Aurangzeb said the premier was feeling unwell for the past two days and took a COVID-19 test on Tuesday on the doctor's advice, which returned positive. She appealed to the nation and to PML-N workers to pray for Prime Minister Shehbaz's speedy recovery. This is the third time the premier has tested positive for the virus, after having previously contracted COVID-19 earlier this year in January and in June 2020.

India to produce 50% energy from renewables by 2030: Modi at G20 meet

Prime Minister says there should be no restrictions on energy supply, seeks 'return to the path of ceasefire and diplomacy in Ukraine'

COP27: Initiative to address water security, climate impacts launched

The initiative will champion inclusive cooperation to address water related challenges and solutions across climate change adaptation

Climate finance, tech needed to promote trust, transparency: India at COP27

Access to climate finance and technology in developing countries is a "must-have" to protect the earth and humanity from apocalyptic changes, India said at the ongoing UN climate summit in Egypt on Monday. Making an intervention at the High-Level Ministerial Dialogue on Climate Finance at COP27, Union Environment Minister Bhupender Yadav said a clear definition of climate finance is needed to promote transparency and trust in all multilateral discussions to address climate change. "Access to finance and technology in developing countries is a must-have if we expect to protect our earth and ourselves from apocalyptic changes. The commitment made by the developed countries to mobilise USD 100 billion from diverse sources by 2020 was a meagre amount and remains unachieved till now. The current needs of developing countries are estimated to be in the order of trillions," a statement quoted him as saying. At COP15 in Copenhagen in 2009, developed countries had committed to jointly ...

Best of BS Opinion: Crypto meltdown, forced transmission, and more

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

Global cooperation is not necessary to fight climate change

Efforts to strengthen multilateral cooperation on climate change are likely to be futile. But competitive technological progress, even if promoted by protectionist policies, could save the planet

COP27: India says developed nations must take lead in raising ambitions

India on Monday firmly resisted calls for developing countries to raise ambitions at the ongoing UN climate summit in Egypt, saying "goalposts are being shifted constantly" while rich nations have "enormously" failed in delivering the technology and financial resources needed for low-carbon development. Making an intervention at the "Ministerial High-Level Roundtable on Pre-2030 Ambition", Union Environment Minister Bhupender Yadav said the developed countries must take the lead in raising ambitions as the bulk of finance and technology is available with them. "The convention (UNFCCC) and the Paris Agreement both recognise this, but we have not had adequate action," he said. Yadav said the historical cumulative emissions of countries should be the measure of their responsibility to raise ambitions and the target set by some developed nations that they "must reach net zero even before 2030 and 2050 is not enough at all". India said not delivering financial resources to developing ..

COP27: Biofuels and green H2 to power India's low-carbon growth

Minister outlines plan for carbon reduction

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

LIVE Updates: CPI-based inflation eases to 6.77% in Oct vs 7.41% in Sept

Catch all the latest updates from across the world here

Climate debt-trap risks pushing vulnerable emerging markets to brink

Rising global borrowing costs are denting the finances of some of the most climate-vulnerable countries right when they most need money to fight the devastating impacts of global warming

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

COP27: Climate talks head into final week; plenty of uncertainty left

Global climate talks in Egypt headed into their second half on Monday with plenty of uncertainty left over whether there will be a substantial deal to combat climate change. Tens of thousands of delegates from nearly 200 countries, observers, experts, activists and journalists, returned to the conference zone in the Red Sea resort of Sharm el-Sheikh after a one day break. The UN's top climate official appealed for constructive diplomacy to match the high-flying rhetoric heard during the opening days of the talks. Let me remind negotiators that people and planet are relying on this process to deliver, UN Climate Secretary Simon Stiell said. Leaders asked for action. Let's use our remaining time in Egypt to build the bridges needed to make progress, Stiell added, citing the goals of limiting global temperature rise to 1.5 Celsius (2.7 Fahrenheit) as agreed in the Paris climate accord, adapting to climate change, and providing financial aid to vulnerable nations trying to cope with it

COP27: Big polluters talking, voices of climate vulnerable stifled

There is work being done to put a draft cover text which will be the main outcome text and will capture the main issues which will be presented for resolution at the end of COP27 scheduled close