The COP29 climate summit was extended by a day after developing nations reacted with fury to developed countries' proposal of $250 billion annual climate finance by 2035, calling it "a slap in the face" and far below their demand of $1.3 trillion, raising fears of a Copenhagen-like deadlock.
The first concrete numbers to emerge in the two-week negotiations came in Friday's draft from the COP29 presidency, which not only set a dramatically lower funding target but also controversially modified language around developed nations' obligations, suggesting they would merely "take the lead" rather than fully provide climate finance.
The draft proposes sourcing funds from "public and private, bilateral and multilateral, and alternative sources", while mentioning a broader but largely symbolic target of "all actors" mobilising $1.3 trillion annually by 2035.
"The quantum is an eyewash," said a developing country negotiator, noting the draft's deviation from Article 9.1 of the Paris Agreement, which mandates developed countries to provide climate finance.
Denne historien er fra November 23, 2024-utgaven av Hindustan Times.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra November 23, 2024-utgaven av Hindustan Times.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
ED Urges Delhi HC To Defer Hearing In Jain's PMLA Case
The Delhi high court on Monday sought the response of Aam Aadmi Party (AAP) leader and former Delhi minister Satyendra Jain on a plea moved by the Enforcement Directorate (ED) seeking a stay on the trial court proceedings in a 2017 money laundering case until it files a supplementary charge-sheet.
TN-Centre NEP standoff needless in any language
The schism emerging between the Tamil Nadu government and the Union government over the National Education Policy (NEP) and the three-language formula is a classic case of leaders talking at each other rather than to each other.
As US Clears Rana Extradition, Focus on 6 Other Conspirators
With Pakistani-Canadian businessman Tahawwur Rana facing imminent extradition to India following US approval, there is renewed attention on six other alleged conspirators of the 2008 Mumbai attacks, who remain in Pakistan without facing significant legal consequences, senior Indian security officials say.
RPF flags 'lapses' behind stampede
Two announcements, three minutes apart, about a Prayagraj-bound Kumbh special train, but mentioning different platforms may have sparked the deadly stampede that killed at least 18 at New Delhi Railway Station on Saturday night, a report of the incident by the Railway Protection Force said.
Faecal Coliform Levels High Amid Maha Kumbh: CPCB
The National Green Tribunal was informed on Monday, through a report by the CPCB, that various locations in Prayagraj during the ongoing Maha Kumbh were not conforming to the primary water quality for bathing with respect to the level of faecal coliform.
Now, BWGs Told to Register With MCD
The Municipal Corporation of Delhi (MCD) on Monday said that it will now be mandatory for the Bulk Waste Generators (BWGs) in the city to register with the civic body and ensure waste disposal as per the Solid Waste Management (SWM) rules.
2-YR-OLD SITTING ON BALCONY KILLED IN CELEBRATORY FIRING DURING WEDDING
A two-year-old boy, who was watching a wedding procession snake through his congested Noida neighbourhood on Sunday night, was killed after the revellers fired a few shots as part of celebratory firing and struck him in the head, police officers said on Monday.
Pak National With 'Links' To Gogoi's Wife Booked
The Assam Police on Monday filed an FIR against Pakistani national Ali Tauqeer Sheikh for trying to disrupt communal harmony and working against the nation's interest by commenting on India's internal affairs on social media, chief minister Himanta Biswa Sarma said, amid controversy over Sheikh's links with Congress MP Gaurav Gogoi's wife, Elizabeth.
Drag-flicker Lakra makes a mark, guided by Peillat
There is a big difference between the Amandeep Lakra of before and after Hockey India League (HIL).
Man who raped, killed tourist given life term
THE SESSIONS JUDGE SENTENCED CONVICT TO 3-YEAR IMPRISONMENT FOR DESTROYING EVIDENCE. BOTH SENTENCES WILL BE RUNNING CONCURRENTLY
