INDIA CLIMATE TALKS WITHDRAWAL
Thousands march in Antalya, calling out COP31's lack of climate ambition
Thousands of demonstrators marched peacefully from Aydin Kanza Park to Republic Square in central Antalya, expressing disappointment that while world leaders recognise that average global temperatures are set to increase by more than 1.5 degree Celsius, there is no plan on how to accelerate the transition away from fossil fuels, protect ecosystems and deliver the climate finance needed to make it happen and support communities to adapt.
Volodymyr Zelenskyy says US floats NATO membership in deal for Donbas
Zelenskyy reiterated his position that Kyiv was not ready to concede territory but said that if it received a comprehensive package including security guarantees, the right to a strong and well-funded Ukrainian army and funds to rebuild, he would put the question to a national referendum.
UN climate chief urges speed as COP31 confronts fossil fuel divide
The annual UN climate conference faces new challenges this year as a slew of crises from war to inflation push global warming down the list of priorities for world governments.
Urgent climate finance pleas at COP31 face a non-urgent response
Poor nations are calling for urgent financial support to address climate-related disasters, yet responses are sluggish. Despite past agreements, funding to vulnerable countries has not met the required targets, causing severe delays. Geopolitical issues and rising military expenditures further divert attention and resources away from climate financing.
India seeks to triple clean energy capacity to 900 gigawatts by 2035, but major hurdles remain
India has announced an ambitious goal to install 900 gigawatts of clean energy by 2035. The government has approved nearly $20 billion to improve power grid infrastructure. Experts emphasize that grid enhancements are crucial for this energy transition. While coal remains a significant energy source, the shift toward renewables is essential. Meeting future demands will require integrated solutions for electricity generation and storage.
Big polluters may muddy the waters again at COP
The report by Kick the Big Polluters Out, a global coalition of more than 450 environmental and civil society organisations, said representatives of major fossil fuel companies, Big Tech, industrial agriculture and food industries have accessed the climate talks through various routes.
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COP Presidency releases summary as climate talks resume after leaders' exit
The COP31 Presidency clarified that the document is a list and does not represent any consensus or indicate the strength or prevalence of individual positions. It lists key issues on the table: a global roadmap for the transition away from fossil fuels, electrification, the overshoot of the 1.5°C threshold and climate finance.
China rules out hosting 2028 UN climate talks: Report
China has ruled out hosting the UN climate talks in 2028 after considering the option for months. Another Asian-Pacific nation may now have the opportunity to host COP33 due to this decision. Earlier, India had withdrawed from hosting this event, while South Korea has expressed interest. The upcoming climate talks will assess global progress on climate action and evaluate the goals of the Paris Agreement.
"Very salient": UN climate chief backs PM Modi's remarks on clean energy cushioning India against oil price shock
UN climate chief Simon Stiell has endorsed Prime Minister Narendra Modi's remarks that clean energy investments helped India withstand the oil price shock, calling them "very salient". Stiell also welcomed India's Green Energy Corridor, emphasising the role of renewable energy, stronger electricity grids and battery storage in protecting economies.
Wars, energy security reshape global climate debate at COP31
COP31’s Leaders’ Summit highlighted a shift in how climate action is being viewed, with governments increasingly linking it to economic and energy security amid geopolitical tensions, wars and rising energy costs. Leaders warned that weaker international cooperation and competing priorities around tariffs and security could undermine efforts to curb emissions, while UN officials stressed that climate action can help ease inflationary and fiscal pressures. With nearly 70 heads of state and government attending, the summit also underscored the growing importance of climate finance and international cooperation.
Can I withdraw my EPF to repay home loan principal; will I have to pay tax on it?
ET Wealth Reader's Query: Can I withdraw my Provident Fund to repay my home loan principal? Will I have to pay taxes on PF withdrawal? How long can I retain the money in my EPF account and continue earning interest—up to three years from the date of my last contribution or until I turn 58?
Clean energy gains fail to lift India's climate ranking
India's renewable energy initiatives have progressed, yet the country has dropped in the Climate Change Performance Index rankings. While India met its non-fossil fuel targets ahead of schedule, the challenge of generating electricity persists. The report highlights progress in solar and wind energy capacities and emphasizes the need for better storage solutions. Experts suggest that India should establish new, more ambitious goals for renewable energy.
COP31: UN Chief Antonio Guterres warns climate crisis outpacing action
Antonio Guterres addressed world leaders at the climate talks in Antalya and highlighted urgent climate action needs. He stressed that emissions must be reduced, emphasizing the role of developed countries in supporting developing nations. Guterres outlined four essential pillars of a Climate Justice Compact during his keynote speech. He urged nations to transition from fossil fuels to renewable energy sources for sustainability.
World leaders urge stronger and faster action at UN climate talks over inadequate response
World leaders gathered in Turkey for COP31 to discuss effective strategies to combat climate change. Notably absent are leaders from major polluting nations, including the United States, China, and India. U.N. Secretary-General Antonio Guterres urged immediate action in his opening speech and suggested a framework for cooperation. Brazil's President Luiz Inacio Lula da Silva emphasized the need for global leadership on environmental issues.
Climate crisis is outrunning world, UN chief Antonio Guterres warns leaders at COP31
UN Secretary-General Antonio Guterres addressed world leaders at the COP31 summit in Turkey regarding climate change action. He warned that the slow international response threatens the planet's future and urged countries to implement clean energy solutions. Negotiators from nearly 200 nations are currently seeking agreement on enhancing electricity's role in global energy consumption. The summit occurs amid significant geopolitical challenges and alarming climate data highlighting increasing global temperatures.
World leaders begin talks as COP31 faces pressure to turn climate promises into action amid rising global warming
World leaders are gathering in Turkey for the UN climate conference COP31 amid mounting pressure to translate climate commitments into concrete action. The summit comes after a year of deadly climate-related disasters, stalled progress on fossil fuel reductions and growing concerns that global warming will exceed the 1.5°C threshold set under the Paris Agreement. Rising energy prices linked to the Iran war and the absence of the US delegation add to the challenges facing negotiations.
Disaster warning systems race to keep pace with galloping climate risks
Twice a day during the rainy season, Raquel Izarra climbs to the roof of her home in the eastern Lima suburb of Santa Ines Bajo and measures how much rain has fallen using a homemade gauge, before
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.
Iran uses global climate talks to highlight impact of US strike on Minab school
Iran is utilizing the COP31 climate summit to highlight the consequences of a US missile strike on a school. The national pavilion features images of the incident’s aftermath along with a virtual reality experience. Additionally, visiting officials will see exhibits from Ukraine addressing efforts in renewable energy amid conflict. The conference has become a platform for discussing global energy price increases related to regional conflicts.
Global climate talks open with big questions, smaller goals
Climate negotiators from nearly 200 countries are attending COP31 in Antalya, Turkey, to address rising global temperatures and emissions. The summit will focus on achieving existing commitments rather than making ambitious new goals amidst geopolitical tensions and financial constraints.
ET Graphics: As Earth heats up, will Antalya deliver?
Negotiators from across the world are gathering in Antalya, Türkiye, for COP31, the UN climate summit being held from November 9 to 20. India achieved its 2030 target of sourcing 50% of installed electricity capacity from non-fossil fuels five years early, reaching 55% by September 2026. However, climate risks remain significant, with heat-related threats projected to affect 4.2% of GDP. Despite its clean energy progress, India's emissions are expected to rise by 1,254 million tonnes by 2035.
Climate finance remains key friction point as COP31 opens in Turkiye's Antalya
COP31 commenced in Antalya, where climate finance was added to the agenda after negotiations. Developed countries opposed the proposal for a dedicated discussion on adaptation finance. Concerns were raised regarding the weakening trust among nations over the inclusion process. The African Group's suggestion for increased adaptation finance was notably rejected. As COP31 emphasizes implementation, delegates stressed that financial support is essential for achieving climate goals.
World's largest climate summit COP31 opens as climate and geopolitical pressures mount
The UN climate talks are set to begin in Antalya, where rising temperatures create an urgent need for global cooperation. More than 100,000 attendees from nearly 200 countries are expected to discuss climate action and funding for developing nations. The ongoing geopolitical tensions complicate negotiations, especially regarding fossil fuel transitions. Additionally, developing countries are advocating for increased adaptation finance to combat climate impacts.
COP31 gives India an opportunity to shape climate action, build coalition of developing nations
COP31 in Antalya presents India with an opportunity to showcase its low-carbon transition and build common ground with developing countries. While New Delhi is expected to press developed nations for climate finance and resist new targets or fossil-fuel transition roadmaps, it can push for better financial flows and collaborative action.
Enough of COP Jamborees
Falling solar and battery costs have made renewable energy commercially competitive with coal in India. As COP31 begins in Turkiye, the focus should shift to accelerating electrification of transport, promoting agrivoltaics, investing in transmission and grid stability, and ensuring reliable payments by discoms to sustain the country's green transition.
Geopolitical tensions, climate finance and 1.5°C breach cloud COP31 negotiations
Kicking off in Antalya, the UN climate conference COP31 will tackle significant climate action issues. With around 160 matters on the agenda, delegates will discuss emission cuts and strategies for global adaptation. Political strains and economic challenges pose obstacles, but Turkiye and Australia are at the helm, advocating for actionable solutions and financial commitments for developing nations, striving for a unified decision on essential climate concerns.
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.
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