Facebook Pixel Ten years of climate inaction | Business Standard - newspaper - Lisez cet article sur Magzter.com
Passez à l'illimité avec Magzter GOLD

Passez à l'illimité avec Magzter GOLD

Obtenez un accès illimité à plus de 9 000 magazines, journaux et articles Premium pour seulement

$149.99
 
$74.99/Année

Essayer OR - Gratuit

Ten years of climate inaction

Business Standard

|

October 16, 2025

The Paris Climate Agreement of 2015 legitimised the evisceration of the UN climate framework — and history may repeat itself at COP 30 in Belem

- SHYAM SARAN

Thirty-three years ago, in 1992, I was part of the Indian delegation participating in the final round of negotiations in Rio de Janeiro on what became the United Nations Framework Convention on Climate Change (UNFCCC). This was the high point of a multilateral effort to deal with the looming threat of global climate change. For developing countries, there were certain key provisions.

One was the recognition of the principle of historical responsibility of developed and industrialised countries for the large stock of greenhouse gas emissions in the Earth's atmosphere. This was based on the scientific understanding that climate change has been caused by the accumulation of greenhouse gases in the Earth's atmosphere since the dawn of the fossil fuelbased industrial age in the 19th century.

Carbon emissions stayed in the atmosphere for over a hundred years, declining only gradually over the years. Current emissions, including from developing countries, add to the stock but only incrementally. This stock-versus-flow argument is at the heart of the climate debate.

Two, the UNFCCC enshrined the key principle of Common but Differentiated Responsibility and Respective Capabilities, the well-known CBDR principle.

This meant that while all countries have a responsibility to deal with climate change, in view of historical responsibility and the availability of financial and technological resources among developed countries, it is the latter who must take the lead.

The UNFCCC also recognised that climate action by developing countries beyond what they could accomplish within the limitation of their own resources, must be supported by both finance and technology from developed countries. Such finance was to come primarily from public revenues, and technology was to be transferred on a government-to-government basis. Both could be supplemented by private and philanthropic contributions, but these could not substitute for state-level action.

PLUS D'HISTOIRES DE Business Standard

Business Standard

Unemployment rate in May rose to 11-month high of 5.5%

India’s unemployment rate climbed to an 11-month high of 5.5 per cent in May from 5.2 per cent in April, even as labour-force participation eased, suggesting a softening labour market, according to the latest monthly bulletin of the Periodic Labour Force Survey (PLFS), released by the National Statistics Office (NSO) on Monday.

time to read

1 min

June 16, 2026

Business Standard

Dubai property mkt lures bargain hunters despite W Asia situation

Industry experts expect slowing investment amid market correction

time to read

3 mins

June 16, 2026

Business Standard

Economic inclusion

Access should enable empowerment of women

time to read

2 mins

June 16, 2026

Business Standard

Gulf recalibrates as US, Iran make peace

The United States (US)-Iran deal may silence the guns, but it cannot alter the verdict of more than three months of war.

time to read

3 mins

June 16, 2026

Business Standard

Only 3% of end-of-life vehicles scrapped in 3 yrs: NITI Aayog

Less than 3 per cent of end-of-life vehicles (ELVs) on Indian roads were scrapped through authorised channels between August 2022 and July 2025, because of weak financial incentives, limited awareness among vehicle owners, inadequate infrastructure and poor enforcement, according to a NITI Aayog presentation reviewed by Business Standard.

time to read

2 mins

June 16, 2026

Business Standard

Merc’s electric transition gets a hybrid detour

With nearly four out of five luxury car buyers still opting for conventional powertrains despite rising electric vehicle (EV) adoption, Mercedes-Benz India on Monday signalled a bigger role for plug-in hybrids in its portfolio, saying it could introduce the technology in more models if demand strengthens.

time to read

2 mins

June 16, 2026

Business Standard

Equity savings funds: FD plus returns, modest risks

A comparison of April and May mutual fund inflows reveals an interesting pattern. Of the 42 categories for which data are available from the Association of Mutual Funds in India (Amfi), only five recorded a positive percentage change in May over April.

time to read

2 mins

June 16, 2026

Business Standard

Wheat procurement deadline extended to June 19

The Rajasthan government and the Opposition are at odds over wheat procurement in the state, with each side presenting a different picture.

time to read

1 mins

June 16, 2026

Business Standard

The rupee’s problem runs deeper

On June 5, the Indian authorities took out a bazooka to rescue the rupee. The Reserve Bank of India (RBI) announced a series of measures, providing subsidies to state-owned companies taking overseas loans, introducing a new version of the dollar-deposit scheme for non-resident Indians — last seen in 2013 — and removing restrictions on foreign investment in bonds and equities.

time to read

3 mins

June 16, 2026

Business Standard

Overseas investors get repatriable ₹ accounts

The Reserve Bank of India (RBI) has allowed authorised dealer banks to open repatriable rupee accounts for overseas individuals investing in listed Indian companies, operationalising the Centre’s decision to widen access to the domestic equity market beyond Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs).

time to read

1 min

June 16, 2026

Listen

Translate

Share

-
+

Change font size