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Climate Policy

'Urgent need for climate risk evaluation rules, more adaptation funding'

India is yet to create a common framework for evaluating risks due to climate change and a systematic methodology for ascertaining the extent to which development programmes address climate risk and vulnerability, according to a new report released on Wednesday. The report by Climate Policy Initiative, a multi-national analysis and advisory organisation with expertise in finance and policy, said the lack of a common framework for evaluating climate risks makes it hard to tell how development projects address these issues, and to track funding for adaptation measures. Despite these challenges, it said, there is a growing push for climate adaptation action in India, leading to plans, policies, and schemes at national and state levels. However, the focus and progress vary among states. The report titled "Financing Adaptation in India" also highlighted the need for "significant" investment for adaptation (adjusting to the effects of climate change) in the country. An analysis of state

'Urgent need for climate risk evaluation rules, more adaptation funding'
Updated On : 21 Feb 2024 | 4:42 PM IST

India will always be a 'champion' for climate action, says Ruchira Kamboj

We feel that climate change is interlinked with development matters and hence needs discussion in forums with universal participation, Kamboj said while addressing UNSC open debate

India will always be a 'champion' for climate action, says Ruchira Kamboj
Updated On : 14 Feb 2024 | 9:16 AM IST

IFSCA forms committee on transition finance to formulate framework

The committee has been tasked to assess the trends in the segment and identify the best practices for transition finance in India by 2047

IFSCA forms committee on transition finance to formulate framework
Updated On : 22 Dec 2023 | 9:24 PM IST

UN climate talks are focusing on the contagious effect on human health

In remarks read at the Vatican by an aide, the pope called for an end of what he called "bottlenecks" caused by nationalism and "patterns of the past"

UN climate talks are focusing on the contagious effect on human health
Updated On : 03 Dec 2023 | 10:23 PM IST

COP28 climate summit 2023: Exxon, Aramco lead emissions cut pledge

The list of national oil companies includes Brazil's Petrobras, Nigeria's NNPC and Kazakhstan's KazMunaiGaz. China's largest oil and gas companies haven't joined

COP28 climate summit 2023: Exxon, Aramco lead emissions cut pledge
Updated On : 03 Dec 2023 | 10:17 PM IST

Global fossil fuel production plans threaten climate goals: Report

Countries are planning to produce around 110 per cent more fossil fuels in 2030 than would be consistent with limiting warming to 1.5 degrees Celsius, according to a new report. This comes despite 151 countries having pledged to achieve net-zero emissions and the latest forecasts that suggest global coal, oil and gas demand will peak this decade, even without new policies. The Production Gap Report 2023 tracks the discrepancy between governments' planned fossil fuel production and global production levels consistent with limiting warming to 1.5 degrees Celsius or 2 degrees Celsius. The report says the near-term increase in coal production is led by India, followed by the Russian Federation, both planning significant increases in coal production through 2030. India aims for self-reliance and considers the coal industry of paramount importance for income and employment generation. Around one-fifth of India's coal demand is met through imports, which exposes the country to price ...

Global fossil fuel production plans threaten climate goals: Report
Updated On : 08 Nov 2023 | 10:18 PM IST

Leadership roundtable at WETEX, DSS discuss ways to achieve climate goals

We seek to galvanise and coordinate the efforts of all stakeholders in the government and private sectors to support climate action

Leadership roundtable at WETEX, DSS discuss ways to achieve climate goals
Updated On : 05 Nov 2023 | 3:45 PM IST

Current climate policies not enough to meet Paris targets: Lancet study

Attempts to pursue "green growth" in high-income countries will not deliver the emission reductions required to meet the climate targets and fairness principles of the Paris Agreement, according to a study. The study, published recently in The Lancet Planetary Health journal, shows that if current trends continue, even the 11 high-income countries that have "decoupled" carbon emissions from gross domestic product (GDP) growth would on average take over 200 years to get their emissions close to zero. These countries would emit more than 27-times their fair share of the "global carbon budget" that must not be exceeded if we are to avert catastrophic warming beyond 1.5 degrees Celsius, as required by the Paris Agreement. The researchers argue that the pursuit of economic growth in high-income countries is at odds with internationally agreed climate targets, and call for transformative "post-growth" climate policy centred around sufficiency, fairness, and wellbeing. The study compared

Current climate policies not enough to meet Paris targets: Lancet study
Updated On : 05 Sep 2023 | 1:46 PM IST

IFSCA, Climate Policy Initiative sign pact on sustainable finance

Offshore financial transaction regulator IFSCA on Tuesday said it has signed an agreement with think tank Climate Policy Initiative for cooperation to increase mobilisation of global sustainable capital flows into India. Sustainable development is a key priority of G20 working groups. Mobilisation of sustainable finance is critical to achieving transition to green and resilient economies. IFSCA (International Financial Services Centres Authority) has taken significant steps to accelerate global sustainable capital flows by creating a conducive regulatory environment, based on international best practices, focused especially on the needs of India and developing countries, the regulator said in a statement. With deep expertise in finance and policy, Climate Policy Initiative (CPI) is an analysis and advisory organisation that works to improve the most important energy and land use practices around the world, it said. CPI's mission is to help governments, businesses, and financial ...

IFSCA, Climate Policy Initiative sign pact on sustainable finance
Updated On : 11 Jul 2023 | 9:54 PM IST

European Commission's climate policy chief on two-day mission to India

The European Commission's climate policy chief Frans Timmermans is arriving in India on Thursday for a two-day crucial diplomatic mission to discuss latest developments at the national level on emission reductions and clean energy transition. Environmental protection and the United Nations Climate Change Conference in Dubai later this year will also be part of the discussion. According to a statement from the Delegation of the European Union to India, the Executive Vice-President for the European Green Deal will hold bilateral meetings with Union Environment Minister Bhupender Yadav; Minister of Power, New and Renewable Energy Raj Kumar Singh, Minister of Coal Prahlad Joshi; and Minister for Petroleum and Natural Gas Hardeep Singh Puri. These meetings aim to foster collaboration and explore potential avenues for cooperation between the European Union (EU) and India in tackling the pressing climate challenges. Timmermans will participate in a high-level round table organised by the

European Commission's climate policy chief on two-day mission to India
Updated On : 25 May 2023 | 9:59 AM IST

EC's climate policy chief on two-day diplomatic mission to India from Thu

European Commission's climate policy chief Frans Timmermans will be on a two-day crucial diplomatic mission to India from Thursday to discuss latest developments at the national level on emission reductions and clean energy transition. Environmental protection and the UN climate change conference in Dubai later this year will also be part of the discussion. According to a statement from the Delegation of the European Union to India, the Executive Vice-President for the European Green Deal will hold bilateral meetings with Union Environment Minister Bhupender Yadav; Minister of Power, New and Renewable Energy Raj Kumar Singh, Minister of Coal Prahlad Joshi; and Minister for Petroleum and Natural Gas Hardeep Singh Puri. These meetings aim to foster collaboration and explore potential avenues for cooperation between the European Union (EU) and India in tackling the pressing climate challenges. On Thursday, Timmermans will participate in a high-level round table organised by the Counci

EC's climate policy chief on two-day diplomatic mission to India from Thu
Updated On : 24 May 2023 | 11:03 PM IST

India climate policy aims at sustainable development: Environment minister

Bhupender Yadav on Sunday said that India's climate policy is directed towards sustainable development and poverty eradication, while striving continuously to decouple emissions

India climate policy aims at sustainable development: Environment minister
Updated On : 05 Mar 2023 | 4:38 PM IST

Necessary to include human rights issues in climate policies: NHRC

It is necessary to include human rights issues in climate policies and programmes along with proper funding of social protection schemes to promote local knowledge and assist community-led adaptation to the effects of climate change, the head of India's human rights commission has said. Addressing an international conference on climate change in the Qatari capital Doha, Justice Arun Mishra, Chairperson of the National Human Rights Commission (NHRC) of India, said that the human-induced build-up of Green House Gases is causing climate change and raising serious concerns about human rights. He said that climate change causes displacement, loss of property, income and access to essential services like healthcare and education due to which the vulnerable groups suffer the most. "Therefore, it is necessary to include human rights issues into climate policies and programmes along with proper funding of social protection schemes to promote local knowledge and assist community-led adaptatio

Necessary to include human rights issues in climate policies: NHRC
Updated On : 22 Feb 2023 | 12:18 PM IST

Reserve Bank announces guidelines on climate risk, sustainable finance

The guidelines consist of a broad framework for acceptance of green deposits, disclosure frameworks on climate-related financial risks and guidance on climate scenario analysis and stress testing

Reserve Bank announces guidelines on climate risk, sustainable finance
Updated On : 08 Feb 2023 | 11:21 PM IST

Germany returns to coal as energy crisis overpowers climate targets

Europe's largest economy is burning the fossil fuel for electricity at the fastest pace in at least six years

Germany returns to coal as energy crisis overpowers climate targets
Updated On : 22 Dec 2022 | 9:11 AM IST

Tamil Nadu to achieve carbon neutrality before India's 2070 target: Stalin

State govt has set up the Tamil Nadu Governing Council on Climate Change, the first such to be headed by a CM

Tamil Nadu to achieve carbon neutrality before India's 2070 target: Stalin
Updated On : 09 Dec 2022 | 8:28 PM IST

EVs lead climate tech funding but more needed for niche solutions: Experts

Climate tech start-ups traditionally require longer gestation periods due to which the sector has not generated strong commercial returns recently

EVs lead climate tech funding but more needed for niche solutions: Experts
Updated On : 22 Nov 2022 | 12:17 AM IST

COP27 fails to turn off the oil tap as global production hits all-time high

The latest global climate summit has failed to even mention the reduction of fossil fuel usage, a key demand from India, in the final agreement text at Egypt

COP27 fails to turn off the oil tap as global production hits all-time high
Updated On : 21 Nov 2022 | 11:31 PM IST

Five changes that can help India reach its green energy goal faster

Experts say India will need systemic changes in policy and electricity infrastructure to quickly ramp up its renewable energy capacity

Five changes that can help India reach its green energy goal faster
Updated On : 15 Nov 2022 | 5:01 PM IST

India submits long-term low emission development strategy at COP27

The emission strategy also envisages maximising the use of green hydrogen fuel to drive the low carbon development of the transport sector

India submits long-term low emission development strategy at COP27
Updated On : 14 Nov 2022 | 7:42 PM IST