Time to adapt
Business Standard|December 03, 2024
India's efforts to address climate change are misaligned with what is required to protect its people and farms from extreme heat
LAVEESH BHANDARI
Time to adapt

The COP29 meetings have quite unambiguously revealed that the developed world will not pay for its sins. Consequently, developing countries in general—and India more so—will neither receive aid nor subsidised credit on the scales required. For this commentator, what has happened was entirely predictable. Aid on the scales required would not have been politically feasible anywhere in the developed world today. At best, they could have promised substantial credit facilities, which would have meant the Global South being straddled with inordinately high levels of debt. Anyhow, the transition-related debt problem will now not be faced. Instead, we now need to focus on the basic problem, namely, how to survive and prosper in an era where climate changes far more rapidly than we had hoped.

The challenge is not small. Evidence suggests that both the extent of change and the associated income losses are likely to be higher than expected. Climate models indicate that South Asia will be among the most highly impacted regions. It is now obvious that while average temperature increases will far exceed the 1.5 degrees Celsius target, temperatures in specific locations on certain days will be much higher than we are used to. Therefore, the recent experience of 50 degrees Celsius-plus in North India was just a glimpse of what could happen much more widely and frequently.

Diese Geschichte stammt aus der December 03, 2024-Ausgabe von Business Standard.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der December 03, 2024-Ausgabe von Business Standard.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS BUSINESS STANDARDAlle anzeigen
KEEPING UP WITH BRAZIL
Business Standard

KEEPING UP WITH BRAZIL

If India wants to become a biofuel superpower like Brazil, it needs to get its ethanol 2.0 policies right

time-read
5 Minuten  |
January 08, 2025
Business Standard

Indian cities reduce PM2.5 levels by 27% in 6 yrs: Report

Indian cities achieved an average 27 per cent reduction in PM2.5 pollution levels from 2019 to 2024, with those under NCAP alone recording a 24 per cent decline, a new report has found.

time-read
1 min  |
January 08, 2025
India adding N-power faster than global peers
Business Standard

India adding N-power faster than global peers

India's nuclear power generation has grown twice as fast as the rest of the world in recent times.

time-read
2 Minuten  |
January 08, 2025
Manmohan Singh was unfailingly measured, thoughtful and wise
Business Standard

Manmohan Singh was unfailingly measured, thoughtful and wise

It is both an honour and pleasure to have been invited to address this event in honour of Dr Manmohan Singh, the greatest man I have had the privilege of knowing.

time-read
3 Minuten  |
January 08, 2025
Compare cited reasons with policy terms before challenging decision
Business Standard

Compare cited reasons with policy terms before challenging decision

Health and general insurers paid 82 per cent of claims by volume and 71.3 per cent by value (₹1.17 crore), according to the Insurance Regulatory and Development Authority of India's (Irdai's) annual report for 2023-24.

time-read
2 Minuten  |
January 08, 2025
PVR Inox shares fade to black: Down 23%
Business Standard

PVR Inox shares fade to black: Down 23%

Shares hit 44-month low as HMPV scare rattles market

time-read
3 Minuten  |
January 08, 2025
Indo Farm shares up 27% on mkt debut
Business Standard

Indo Farm shares up 27% on mkt debut

Shares of Indo Farm Equipment on Tuesday ended with a premium of over 27 per cent against the issue price of ₹215. The stock started the trade at ₹258.40, reflecting a premium of 20.18 per cent on the BSE. During the day, it jumped 33.44 per cent to ₹286.90. Shares of the firm ended at ₹272.70, up 26.83 per cent. At the NSE, it listed at ₹256, up 19 per cent. The stock ended at ₹273.69, a gain of 27.29 per cent. The company's market valuation stood at ₹1,310.37 crore.

time-read
1 min  |
January 08, 2025
Zomato shares fall 5% after Jefferies downgrade
Business Standard

Zomato shares fall 5% after Jefferies downgrade

Food aggregator Zomato's shares bled on Tuesday, as the stock plunged up to 5 per cent to hit an intraday low of ₹251.40 per share.

time-read
1 min  |
January 08, 2025
Q3 updates point to strong growth ahead for jewellery companies
Business Standard

Q3 updates point to strong growth ahead for jewellery companies

Two leading listed jewellers, Titan and Kalyan, have just released their pre-quarterly updates for the third quarter of the current financial year (Q3FY25).

time-read
2 Minuten  |
January 08, 2025
Equities may deliver 8-12% in 2025, says ABSL MF
Business Standard

Equities may deliver 8-12% in 2025, says ABSL MF

In a year that is poised to be one of macroeconomic turbulence, with significant policy shifts and global trade uncertainties, investors should consider asset allocation strategies to capitalize on gains in all asset classes while reducing risks, Aditya Birla Sun Life Mutual Fund (ABSL MF) said in its outlook for 2025.

time-read
1 min  |
January 08, 2025