CashNews.co India, along with other developing countries at COP29Ā called for fair and effective climate finance agreements to support global climate action. Representing the Like-Minded Developing Countries (LMDCs), India emphasised the need for equitable financial support from developed nations, spotlighting the burden placed on vulnerable economies. Negotiators have noted that around 69% of the climate finance […]
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CashNews.co The UN’s climate chief called on leaders of the world’s biggest economies on Saturday to send a signal of support for global climate finance efforts when they meet in Rio de Janeiro next week. The plea, made in a letter to G20 leaders from UN Framework Convention on Climate Change Executive Secretary Simon Stiell, […]
CashNews.co Supply Lines is a daily newsletter that tracks global trade. Sign up here. Indiaās Finance Minister Nirmala Sitharaman said that the nation may ease some import taxes as long as the move doesnāt hurt local companies, indicating that the South Asian country could soften its trade restrictions after US president-elect Donald Trump called it […]
CashNews.co Indiaās lead climate negotiator Naresh Pal Gangwar, an Additional Secretary said the money should flow to the developing world without subjecting the recipient nations to conditions that would eventually block their economic growth. Last Updated : 15 November 2024, 16:09 IS Read More #cashnews #India #finance
CashNews.co At the High-Level Ministerial on Climate Finance during COP29 in Baku, India, representing Like-Minded Developing Countries (LMDCs), pushed for the urgent need for heightened climate ambitions to address escalating climate disasters. Delivering India’s statement, Naresh Pal Gangwar, Additional Secretary of the Ministry of Environment, Forest and Climate Change (MoEFCC) and lead negotiator at COP29, […]
CashNews.co Indiaās intervention reiterated that the developed countries need to commit to providing and mobilising at least $1.3 trillion every year till 2030, through grants, concessional finance, and non-debt-inducing support. | Photo Credit: Getty Images At the ongoing COP29 negotiations in Baku, India stated that climate finance ā the money thatās necessary to incentivise and […]
CashNews.co Baku, Nov 14 (PTI) BASIC countries, including India, have asked developed countries to honour their commitments to provide climate finance rather than ādiluting obligationsā and rejected attempts by the rich nations to shift their financial responsibilities during negotiations at the ongoing COP29 here. As the annual climate change summit entered the fourth day on […]
CashNews.co New Delhi: After developing countries rejected the first draft on the new collective quantified goal (NCQG), on Tuesday, co-chairs of the programme on NCQG at the COP 29 climate talks in Baku released another iteration on Wednesday morning that runs into 34 pages. People walk outside the Baku Olympic Stadium, the venue for the […]
CashNews.co As the COP29 climate summit continues in Baku, a new report highlights an urgent call for climate finance to meet critical global targets. Published by an independent high-level expert group, the report recommends mobilising $1 trillion annually for developing countries by 2030, a move that would help address climate challenges under the Paris Agreement. […]