The 29th United Nations Climate Change Conference (COP29) in Baku, Azerbaijan, concluded amid widespread disappointment and criticism. Though it is considered a failed COP, one part of the compromise deal was the operationalisation of Article 6 of the Paris Agreement. Article 6 of the 2015 Paris Agreement establishes a framework for international cooperation to achieve climate goals through market-driven and non-market mechanisms.
It facilitates emissions reductions via three pathways: Article 6.2, enabling nations to trade surplus reductions as Internationally Transferred Mitigation Outcomes (ITMOs) to meet their Nationally Determined Contributions (NDCs); Article 6.4, creating a UN-regulated global carbon market to certify and trade credits; and Article 6.8, focusing on non-market approaches like technology transfer, capacity building, and sustainable development to support vulnerable communities.
Together, these mechanisms aim to enhance climate finance, foster collaboration, and ensure accountability in emissions reductions. However, a more pressing question remains: Are market mechanisms truly capable of delivering the deep emissions reductions required?
Denne historien er fra December 28, 2024-utgaven av The New Indian Express Sambalpur.
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Denne historien er fra December 28, 2024-utgaven av The New Indian Express Sambalpur.
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New norms for traffic at Myanmar border
In view of the inconvenience faced by people near the India-Myanmar border, the Ministry of Home Affairs (MHA) has decided to allow cross-border movements of those living 10 kilometres of the frontier, officials said on Saturday.
NIA seizes cellphones in raid against Maoists
IN a move to combat left-wing extremism in the Naxal hotbeds of Jharkhand and Chhattisgarh, the National Investigation Agency (NIA) has conducted searches at multiple locations in both states, officials said on Saturday.
Why Are Rich Indians Deserting India?
Rich Indians, having emotionally seceded from their country for some time now, are moving bag, baggage, and business out of India, joining an elite international set.
Military diplomacy: Indian Navy's 3rd warship visits Casablanca within a year
AS part of efforts to bolster bilateral relations and naval cooperation with Morocco, Indian naval ship (INS) Tushil docked at Casablanca and both the navies will engage in an exercise.
Women Ruled the Year in Indie Films
Something unusual happened at the movies for me at the very start of 2024.
Dy CMs & ministers assigned district visits to assess crop loss
Farmers covered under PMBFY have been requested to report their losses and crop area to the insurance companies through the \"Krishi Rakshak\" portal or by calling the toll-free number 14447 by Friday.
Kashmiriyat on display in J&K
FROM P1...
Naveen to launch BJD offensive on farmers problems from Ganjam
WITH rising resentment over paddy procurement lapses and widespread crop loss leading to farmer suicides, the BJD is set to launch an aggressive offensive against the BJP government for failing to alleviate the problems of the agricultural community in the state.
KiIT-IS team wins first prize at IIT-Bombay Tech Fest '24-25
PROVING their mettle on a national platform once again, students from KiIT International School (KiIT-IS) here have secured first position at the prestigious IIT Bombay Tech Fest 2024-25 held recently.
Court forms SIT to probe Anna University rape, faults top cop
THE Madras High Court on Saturday ordered the constitution of a special investigation team (SIT) comprising three women IPS officers to probe the rape of an engineering student on the Anna University campus and the leakage/disclosure of the FIR and its contents.
