Scores of international agreements, the Paris Agreement of 2015 chief among them, commit nations to take certain steps. Yet these actions are still to be implemented sufficiently as is evident from various Conference of Parties annual meetings, the latest one at Baku, Azerbaijan from 11 to 22 November.
Although scores of articles have already been published addressing various vantage points of success and failure of COP29, the most recent summit meeting still sent a clear message: The shape of the future is set, and it will be green. Despite controversies and broader geopolitical tensions, the conference brought together leaders from around the world.
In my perspective, there are five takeaways. First, transition is happening—it is only a matter of speed: The transition of hard-to-abate sectors like steel and cement was in the spotlight at COP29. For many of these high-emitting industries, the transition to net zero is now a matter of finance and will power. I believe that a transition to net zero this decade is very much possible. However, a key area for transition is the agriculture sector, which accounts for over one-third of global emissions. Despite its complexity, agriculture remains a key sector for climate. Investors will have to come forward and support the industry's transition to net zero and ensure continued prosperity and security in the decades to come.
Second, development Banks can connect capital with impact: By most estimates, global climate finance needs to increase from USD 1.3 trillion to around USD 4 to 7 trillion by 2030 in order to maintain a 1.50C pathway. As per the New Collective Quantified Goal (NCQG) the developed Global North raised financial commitment from the previous commitment of $100 billion annually to $300 billion by 2035.
Denne historien er fra December 05, 2024-utgaven av The Statesman Siliguri.
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Denne historien er fra December 05, 2024-utgaven av The Statesman Siliguri.
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Ashwin might have made difference at SCG: Gavaskar slams mid-series retirement
Ravichandran Ashwin's shocking retirement call in the middle of the five-Test Border-Gavaskar series has drawn sharp criticism from batting maestro Sunil Gavaskar, who felt that the decision not only left India short of a player but also potentially robbed India's chances of featuring two experienced spinners in the final Test in Sydney, where conditions are expected to favour spinners.
Stalemate in Brisbane leaves World Test Championship race in the balance
The drawn Test in Brisbane has left the race to next year's World Test Championship final wide open.
Bumrah rewrites history, eclipses legendary Kapil Dev
Jasprit Bumrah established himself as India's most successful pacer in Australia in Test format after surpassing the legendary Kapil Dev on Day 5 of the Brisbane Test of the Border-Gavaskar Trophy on Wednesday.
High time somebody from NCA talks about Shami, says Rohit Sharma
Reiterating his stance on the prospects of Mohammed Shami joining the squad for the remainder of the Border-Gavaskar series, India skipper Rohit Sharma on Wednesday left it on the BCCI's Centre of Excellence, formerly known as the National Cricket Academy (NCA), for clarity on the star quick's fitness.
All eyes on MCG as India, Oz share honours in Gabba Test
Series remains locked at 1-1 after persistent rain forces third clash at Brisbane to end in a draw
From exile to anthem
The feeling a reader is left with while reading a Marinaj poem is best described by the word 'whisper' from the title of the book itself - \"Teach me how to whisper\".
Voices against patriarchy
This anthology offers rare insights to challenge the impunity for violence against women in South Asia: VRINDA GROVER
India's growth momentum has picked up after Q2 slowdown: Jefferies
The improvement in India's economic growth after the slowdown in the July-September quarter is visible as movement indicators like fuel consumption, vehicles tolled and air traffic have strengthened, Jefferies said in a note on Wednesday.
Disha eyes larger slice of ₹30,000 cr optical retail pie, joins hands with ZEISS
Disha Eye Hospitals, the leading eye care hospital chain of Eastern India, has now teamed up with ZEISS, a global leader in optics and optoelectronics, to tap the fast-growing optical retail market in India, which is valued at Rs 30,000 crore and growing at 8 per cent annually.
Net direct tax collections spike by 16.45 per cent to over ₹15.82 trillion
The net direct tax collections for this fiscal year so far have recorded robust growth, rising by 16.45 per cent year-on-year to over Rs 15.82 lakh crore, according to the latest government data.
