This year will mark 15 years from the COP 2009 in Denmark, which set the target of $100 billion of climate finance per year by 2020, extended to 2025.
It is an issue that is ready for substantial discussion on upgrades because the need for climate finance for renewables, disaster mitigation, climate health, and restructuring infrastructure has grown by leaps and bounds.
The calls for adequate finance and corresponding financial mechanisms for serious climate action are getting louder and more urgent.
Unfortunately, those who have made substantial emissions, in per capita terms, by current total emissions as well as accumulated historically, refuse to own up the responsibilities.
India's per capita CO2 emissions in 2021 were around 1.5 tonnes, the USA's around 13.5 tonnes, China's at 7.5 tonnes, with the world average of 4.2 tonnes.
Even in cumulative emissions, which cause global warming, India's share is much below that of China, the USA, and Western Europe.
India is a major country, which has made serious commitments for strong climate action that needs finance and technology.
India needs to take a measured position as an important and leading member of various groups - G20, G77 (Developing countries group), BRICS, etc.
Despite being the third largest emitter, India's position among per capita CO2 emissions and cumulated historical emissions is still among the lowest in the world.
The per capita emissions issue is important climate indicator in terms of inequity and socioeconomic justice.
هذه القصة مأخوذة من طبعة November 12, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 12, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Changes in policy terms must be conveyed
Mustafa Pithawala had taken a home loan of ₹20,11,101 from Tata Capital Housing Finance on October 19, 2015. To secure its repayment, he was covered under ICICI Lombard Group Secure Mind Policy, valid from October 23, 2015, to October 22, 2020. This policy also covered personal accident and major medical illnesses and procedures such as coronary artery bypass graft surgery (CABG).
Low valuation sparks interest in IndusInd
Analysts believe worst may be over for lender after sombre Q2 results
Demand, margin gains ahead for UPL
Agrochemicals manufacturer UPL reported a muted quarter as operating profit remained flat on a year-on-year (Y-o-Y) basis, due to a price decline (down 7 percent Y-o-Y) and surplus capacity in China.
Exchanges roll back direct payout of securities to client accounts
The National Stock Exchange (NSE) and BSE on Tuesday announced rollback of the direct payout of the securities to client demat accounts—which was enabled on November 11.
Swiggy makes market debut today
Shares of food delivery major Swiggy will make stock market debut on Wednesday following its ₹11,327 crore initial public offering (IPO), second biggest this year and sixth-largest to hit the domestic market.
NTPC Green Energy IPO eyes $12 bn Valuation
NTPC Green Energy Ltd is considering seeking a valuation of about $12 billion in what could be one of India's biggest initial public offerings (IPO) in the renewable energy industry, according to people familiar with the matter.
Sebi simplifies process for registration of certain FPIs
Abridged version of application form to be available in 3 months
11 of 17 Nifty sector indices in correction mode
As many as 11 of 17 frontline Nifty sector indices are in 'correction' mode with energy, auto and central public sector enterprises (CPSE), consumption, and fast-moving consumer goods (FMCG) suffering the most in the recent market fall, according to data.
Nifty falls to near 5-month low
Earnings disappointment and foreign outflows continue to weigh on markets
BITING THE BULLET
The Bullet Train has been a 'dream project'. Can it become a reality anytime soon?