EQUITABLE CLIMATE FINANCE
No one should be left behind in efforts to tackle climate change: India at COP31
At the ongoing COP31 climate conference in Turkiye, India highlighted the urgent need for equity in climate action. The country reaffirmed its commitment to addressing adaptation needs, especially for the Global South. India called attention to the critical role of public finance from developed nations in supporting developing countries. Additionally, India's statement emphasized the importance of Article 9.1 of the Paris Agreement for financing.
Climate finance, trade likely to be on COP31 table
COP31, scheduled to occur in Antalya from November 9-20, will address significant climate finance and trade issues. Discussions include the funding developed countries owe to developing nations for climate change adaptation. The African Group aims to formalize financial support strategies and assess funding needs for climate initiatives. Additionally, proposals regarding the impact of climate-related trade measures on developing countries have been put forward.
India elected as President of International Solar Alliance for third straight term: Pralhad Joshi
Addressing media at the summit, Joshi said, "At the ninth session of the ISA, we reaffirm a fundamental belief: progress becomes truly meaningful when its benefits are shared". He congratulated France on the occasion of being reelected co-President of the ISA.
Asian countries, including India, must accelerate transition to renewable energy
Asian countries including India need to accelerate a just transition to renewable energy and take a stronger lead in shaping the Global South’s climate response, climate activist Harjeet Singh said at Bangkok Climate Action Week. Discussions ahead of COP31 focused on regional cooperation, clean-energy roadmaps and the need for developed countries to meet climate finance commitments.
‘Productivity growth in consumer services is powering India’s rise’
Dani Rodrik highlights the relationship between ending poverty, boosting the global middle class, and addressing climate change. He emphasizes the importance of transitioning from manufacturing to services in the global economy. As digital technologies evolve, they enhance productivity in services and create equitable opportunities. The decline of the middle class threatens democracy, leading to political instability in many countries.
Measles outbreaks, immunity gaps among children and adolescents concerning: WHO
The WHO South-East Asia Region has the highest childhood immunisation coverage globally, reaching 94 percent for DTP3 vaccine. Experts highlighted persistent immunity gaps among children, leading to measles outbreaks in the region. According to the WHO, vaccination rates for other diseases, such as HPV, need significant improvement to meet target goals. The 17th SEAR ITAG meeting emphasized strengthening surveillance and using local data to close immunity gaps.
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Bangladesh PM Rahman to highlight Rohingya, climate issues in maiden UNGA address
Bangladesh Prime Minister Tarique Rahman will address the UN General Assembly on September twenty-fourth. He will highlight the Rohingya crisis and his government's democratic agenda. Climate change concerns for vulnerable nations will also be a key focus. Rahman will seek international support for Rohingya repatriation to Myanmar. Bilateral meetings will cover economic relations and development cooperation.
BRICS adopts New Delhi Declaration: Inside the 140-point document on Global South's ambitions
BRICS leaders adopted the New Delhi Declaration at the 18th summit, reaffirming their commitment to cooperation, multilateralism and a more representative global order. The document outlines India's 2026 chairship priorities, recognises partner countries' contributions and calls for greater participation of Emerging Markets, Developing Countries and Least Developed Countries in global governance.
BRICS urges IMF, World Bank reforms, condemns unilateral tariffs, secondary sanctions
BRICS leaders adopted the New Delhi Declaration, expressing serious concerns over unilateral trade measures. They called for the elimination of unlawful measures and advocated for global financial architecture reform. Discussions explored efficient cross-border payment mechanisms and local currency trade settlements. The bloc also emphasized stronger energy security and agricultural collaboration among members. BRICS reaffirmed support for a rules-based multilateral trading system centered on the WTO.
'UNSC reform can no longer be delayed': UN backs PM Modi's UNSC reform push, credits India's BRICS Presidency
The UN spokesperson supports Prime Minister Modi's call for Security Council reform. He stated the current structure does not reflect 21st-century global realities. BRICS nations seek a more representative and equitable international system. They advocate for greater participation of developing countries in global governance. The group also supports reforming international financial institutions and the WTO.
BRICS leaders recognise women as decision makers, growth drivers
At the recent BRICS summit, leaders universally acknowledged the transformative power women wield in economics and social dynamics. They stressed women's essential contributions to peacebuilding efforts and sustainable growth. There was a clear call for initiatives that ensure women can fully engage in the economy.
India, ADB sign $230 million loan to upgrade Chennai water system
India and the Asian Development Bank signed a $230 million loan agreement. This project will expand and modernize Chennai's water supply and sanitation infrastructure. It includes building new pipes and upgrading pumping stations across the city. Chennai will also implement a comprehensive ring-main system for improved water reliability. The initiative aims to enhance public health and urban resilience to climate change.
Economic Survey 2026: Climate action core to India's development plan, global north dithering on their commitments
India's development strategy now prioritizes climate action. Adaptation is key to building resilient growth. The nation aims for developed status by 2047, requiring sustainable growth. Raising climate ambition, especially in reducing emissions, needs financial and technological support. Developed nations' slow progress highlights India's need to focus on adaptation to protect development gains.
Arya.ag raises Rs 725 crore in series D funding
Arya.ag aims to foster climate-smart agricultural practices and improve market access.
India welcomes key outcomes at UNFCCC CoP30; reaffirms commitment to equity, climate justice and global solidarity
In a show of international solidarity, India has thrown its weight behind Brazil's COP30 leadership, championing the principles of equity and climate justice. New Delhi celebrated the advancements in adaptation strategies and the establishment of a Just Transition Mechanism. Additionally, India called for developed nations to honor their financial commitments to climate initiatives.
India showed economic growth and social inclusion can advance together: UNDP chief
India’s development model shows that rapid economic growth and social inclusion can move together, UNDP Acting Administrator Haoliang Xu said during a visit to the country. In an interview, he noted that India is using technology, participatory governance and climate-focused policies to create a pathway that combines growth with sustainability.
India reaffirms commitment to equitable climate action at Leaders' Summit of UNFCCC CoP30 in Brazil
India reiterated its commitment to climate action based on equity and CBDR-RC at CoP30, highlighting its significant reduction in emission intensity and over 50% non-fossil power capacity. The nation also emphasized the need for developed countries to accelerate emission reductions and provide adequate support for developing nations' climate goals.
India needs USD 1.5 trillion investment across key sectors to address climate challenge: Report
India needs significant investment to combat climate change. A Deloitte India report estimates a requirement of USD 1.5 trillion by 2030. Renewable energy, sustainable infrastructure, and decarbonisation are key areas. Reaching 500 GW of renewable energy capacity requires substantial funds. Scaling up energy storage is also crucial. Strategic climate finance can accelerate decarbonisation efforts in India.
Developing countries' climate targets at risk without enough finance from developed world: India
India emphasises that developing nations need adequate financial and technological support from developed countries to meet climate targets. The proposed $300 billion per year falls short of the required $1.3 trillion.
India calls for unrestricted green tech, climate finance; criticises unilateral measures by developed nations at COP29
At the COP29 climate summit, India criticized developed nations for imposing unilateral climate measures that hinder climate action in developing countries. India emphasized the need for freely available green technology and climate finance based on climate justice principles to support developing nations in raising their climate ambitions.
COP29 week one ends in deadlock as divisions stall climate action progress
The G-77/China bloc reiterated the call for $1.3 trillion annually in climate finance, with an emphasis on grants and concessional funding to avoid burdening vulnerable economies already grappling with the impacts of climate change.
Unilateral trade measures in name of climate action 'discriminatory, harm global cooperation': India
Other groups of developing countries, including the G77, the largest bloc representing over 130 nations at the UN climate talks, and Like-Minded Developing Countries also registered their strong opposition on the issue.
G20 countries should show leadership by keeping 1.5 degrees C goal alive: UN chief
United Nations General Secretary Antonio Guterres has called on G20 countries to show leadership in addressing climate change. Guterres emphasized the need to keep the goal of limiting global warming to 1.5 degrees Celsius alive and to rebuild trust based on climate justice. He also urged G20 countries to advance a just and equitable transition to a green economy.
FM Nirmala Sitharaman attends G20 Central Bank Governors' Meet
Union Finance and Corporate Affairs Minister Nirmala Sitharaman has participated virtually in the First G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under the Italian Presidency to discuss policy actions for transformative and equitable recovery.
Need to have fairer, more equitable terms in trade relations: Piyush Goyal
Speaking at the World Economic Forum Annual Meeting 2020, the commerce and industry minister also called for greater cooperation among various nations to realise the huge growth prospects in the Indian Ocean region and also for tackling the important issue of climate change.
Economic Survey 2015: Global climate pact should address needs of developing nations
"Global climate action rests heavily on the means of implementation, especially finance and tech, and agreement should address this," survey said.
India committed to fight against climate change: Prakash Javadekar
"We are pursuing action-oriented policies to bring rapid development to our people while purposefully addressing climate change," Javadekar said.
Adaptation must be fully reflected in 2015 Paris deal: India
"They must scale up their mitigation ambition now and urgently fulfil their promises for providing financial and technological support to developing countries," he added.
$650 billion spent on climate projects globally in 2011-12
UN reports that "around 95 per cent of global total climate finance is spent on mitigation or cutting emissions with 5 per cent on adaptation."
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