COP29 Draft Proposes $250 Billion Climate Finance Commitment

23 Nov 2024

The COP29 summit in Baku unveiled a draft proposal urging wealthy nations to allocate $250 billion annually to help vulnerable countries combat climate change and advance renewable energy adoption. The draft also sets a broader target of $1.3 trillion in climate finance by 2035. Key Highlights of the Draft Proposal...

Developing Nations Oppose Expanding NCQG Contributor Base

21 Nov 2024

Baku, COP29 – Developing nations have firmly opposed any attempts to expand the contributor base for the New Collective Quantified Goal (NCQG), a new climate funding initiative meant to support climate actions in developing countries. This funding is intended to build on the previous commitment of $100 billion per year,...

COP29: India Calls for Equitable Carbon Space to Balance Development and Climate Goals

19 Nov 2024

India on Tuesday underscored the urgent need for developed countries to lead in mitigating climate change and ensuring adequate carbon space for developing nations, while highlighting the disproportionate financial burden borne by the Global South. Delivering the national statement at the COP29 summit in Baku, Minister of State for Environment...

India is pushing for $1 trillion climate finance deal at COP29

06 Nov 2024

As COP29 approaches in Baku, Azerbaijan, the spotlight on climate finance has never been more intense. From technological investments to adaptation measures, the upcoming negotiations aim to shape a new climate finance target. With India and other developing nations at the forefront, achieving a balance between domestic needs and international...

UN Warns: Soaring Greenhouse Gases In 2023 Fuel Temperature Rise And Seal Planet Fate

28 Oct 2024

Greenhouse gas concentrations in the atmosphere hit new record highs in 2023, signaling alarming future temperature increases, according to a report from the United Nations released on Monday. The World Meteorological Organization (WMO) reported that levels of the three primary greenhouse gases carbon dioxide, methane, and nitrous oxide rose once...