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COP-29 cop-out: Clean power needs to gain further appeal

Mint Mumbai

|

December 03, 2024

The world must help poor countries decarbonize their economies

- DAVID FICKLING

COP-29 cop-out: Clean power needs to gain further appeal

You can regard the depressing denouement of the COP-29 climate conference in Baku, Azerbaijan, as a sort of diplomatic echo of the US election result three weeks earlier. In the US, progressives found themselves blocked by a coalition of traditional Republicans and a faction of working-class and non-Caucasian supporters whom they'd regarded, perhaps naively, as their natural allies. At the UN climate conference in Baku, rich nations found that efforts to reduce their own emissions and fund climate programmes elsewhere in the world bought them little favour with developing countries most at risk of global warming.

Both situations are powerful examples of aspirational politics. Since the 19th century, conservatives have marketed themselves by arguing that their policies were the best way to achieve the wealth and independence sought by working-class voters. Those opposed to climate action make a similar pitch to low and middle-income nations: Environmentalism is a protectionist plot to keep poor nations poor. Only fossil fuels can provide the development you need to grow wealthy. Rich nations can never do enough to repay the carbon debt they've incurred.

MÁS HISTORIAS DE Mint Mumbai

Mint Mumbai

These firms will sell shovels during semaglutide gold rush

Weight-loss drug semaglutide, also used to treat type-2 diabetes, will face its next big turning point in early 2026, when patents held by Novo Nordisk expire in India.

time to read

1 mins

November 27, 2025

Mint Mumbai

Mint Mumbai

'First-gen founders take bigger investment risks'

India’s markets are minting a new class of first-generation millionaires: entrepreneurs who’ve scaled ideas into Initial public offerings (IPOs) and unlocked unprecedented personal wealth.

time to read

2 mins

November 27, 2025

Mint Mumbai

Mint Mumbai

EV, hydro boom to power 6x rise in battery storage by ‘47

India is preparing to meet a projected cumulative battery energy storage capacity of nearly 3 terawatt-hours (TWh) by 2047 across electric mobility, power, and electronic components, according to two people aware of the development, with electric vehicles (EVs) expected to contribute a third of the demand.

time to read

2 mins

November 27, 2025

Mint Mumbai

Mint Mumbai

Candidates using AI? No, thanks, say IIT recruiters

As the annual placement season dawns at the Indian Institutes of Technology (IITs), colleges and recruiters are working to bar artificial intelligence (AI) tools and prevent cheating at test venues, a concern that first rose last year.

time to read

3 mins

November 27, 2025

Mint Mumbai

Mint Mumbai

Taxpayer base soars, but return filings lag sharply: CBDT data

India’s income tax base is growing faster than the number of those conscientiously filing returns, driven by the expanding reach of the tax deducted at source (TDS) system, according to latest data from the central board of direct taxes (CBDT).

time to read

3 mins

November 27, 2025

Mint Mumbai

Mint Mumbai

Market nears peak on dollar tailwind

Stocks jump 1.2%, but futures rollovers signal weak conviction

time to read

3 mins

November 27, 2025

Mint Mumbai

Mint Mumbai

SP Eyes Tata exit to cut debt costs

Debt-laden Shapoorji Pallonji Group is banking on Tata Trusts softening the stance on its potential exit from Tata Sons to reduce its borrowing costs, two people aware of the matter said.

time to read

2 mins

November 27, 2025

Mint Mumbai

Mint Mumbai

MO Alternates launches its maiden private credit fund

The %3,000 crore fund has drawn capital from family offices, ultra-HNIs and institutions

time to read

3 mins

November 27, 2025

Mint Mumbai

Mint Mumbai

HP to cut jobs after profit outlook miss

HP Inc.gave a profit outlook for current year that fell short of estimates and the company said it will cut 4,000 to 6,000 employees through fiscal 2028 by using more AI tools

time to read

1 mins

November 27, 2025

Mint Mumbai

Apple set to regain top smartphone maker spot after 14 yrs

Apple Inc.will retake its crown as the world’s largest smartphone maker for the first time in more than a decade, lifted by the successful debut of a new iPhone series and a rush of consumers upgrading devices, according to Counterpoint Research.

time to read

1 min

November 27, 2025

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