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Contradictions and utility

Financial Express Ahmedabad

|

November 22, 2025

WHILE IT MAY NOT DELIVER PARIS TARGETS, IN ITS ABSENCE WE MAY SEE A TEMPERATURE RISE OF 3°C OR MORE

- SOMIT DASGUPTA

AFTER MORE THAN 30 years since the signing of the Rio agreement (1992), more than 18 years of the signing of the Kyoto Protocol (1997) and 10 years of rejoicing the Paris Agreement (PA) of 2015, we seem to have gone in reverse gear. It’s not just dilution of the responsibility of the developed nations who have contributed to this climate mess, but it’s the entire movement which is at peril today.

At the centre of the storm is one country, the biggest cumulative polluter which everyone knows, that is the US. Perhaps, it would be wrong to say one country since it is the most important person in that country who terms the climate movement as a “hoax”. The Trump administration has pulled out of the PA twice, once in 2017 and again in 2025, which has caused considerable damage and has encouraged the fence sitters as well as the huge fossil fuel lobby. In fact the US administration today seems to be driven by the oil lobby and phrases like “drill, baby drill” is nothing but a slap on the human suffering from climate change calamities, especially the poor and those residing in the small island states.

PLUS D'HISTOIRES DE Financial Express Ahmedabad

Financial Express Ahmedabad

Steep excise hike on tobacco items...

FORTHE NON-filter cigarettes (65-70 mm), the duty has been proposed 18 times higher to %4,500 per thousand sticks from %250.The smoking mixtures for pipes/cigarettes will attract 325% duty from the existing 60%.

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Hong Kong acts to quell anger

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India to get more Morocco fertiliser

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ChatGPT becomes a smart shopping assistant

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OPEC+ agrees to maintain pause in oil output hikes

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Aluminium units hit by rising imports, weak exports

STRUGGLING WITH DECLINING exports and rising imports, the domestic aluminium manufacturing industry may put its proposed ₹2 lakh crore capacity expansion plan on the back burner, several industry executives said.

time to read

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Financial Express Ahmedabad

PE investments hit $5.3 bn in October: EY-IVCA report

PRIVATE EQUITY AND venture capital (PE/VC) investments in India touched $5.3 billion across 102 deals in October 2025, marking a 9% rise year-on-year (yo-y), according to the EY-IVCA monthly roundup.

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Financial Express Ahmedabad

Nabard: Agri credit to grow to ₹32.5 lakh cr in FY26

CREDIT TO THE agriculture sector from commercial banks and regional rural banks is set to exceed a record ₹ 32.5 lakh crore in FY26, driven by greater formalisation of rural lending and rising credit demand, according to Nabard.

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Govt to push major Bills in Parliament

· Winter session begins today; concludes on Dec 19

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Solving CIO pain points

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time to read

2 mins

December 01, 2025

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