Essayer OR - Gratuit
One step forward, two backward
Financial Express Kolkata
|November 27, 2025
THE WORLD NEEDS A NEW MULTILATERAL ARCHITECTURE FOR A NEW PHASE OF CLIMATE ACTION
BRAZILIAN PRESIDENT LUIZ Inacio Lula da Silva had declared the 30th Conference of Parties (COP30) to the UN Framework Convention on Climate Change (UNFCCC) as the “COP of truth”.
And truth, indeed, was unmistakable in Belém. The meeting made it clear how fragmented and fragile the global consensus on climate action has become. Decisions that countries had once celebrated as historic achievements were rejected outright. Commitments that were hailed as breakthroughs only a few years ago suddenly appeared to have evaporated.
The most prominent example was the decision to “transition away from fossil fuels”, which had been agreed at the Dubai COP in 2023. That phrase—hailed then as a diplomatic triumph—did not even appear in the final text at Belém. Countries that had supported it earlier refused to accept it now. A similar retreat occurred on deforestation. At COP26 in Glasgow, over 130 nations pledged to halt and reverse deforestation by 2030. At COP30, a road map to achieve this was quietly dropped. The symbolism was striking: a climate summit held at the edge of the Amazon was unwilling to reaffirm the world’s most widely supported forest pledge.
The question, then, is what COP30 actually achieved. The honest answer is: very little. Ten years after the Paris Agreement, instead of accelerating climate action, the world found itself postponing decisions and shifting difficult conversations away from the UN climate process. The most contentious issues were not resolved; they were simply moved elsewhere.
Cette histoire est tirée de l'édition November 27, 2025 de Financial Express Kolkata.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Financial Express Kolkata
Financial Express Kolkata
Japan PM plans to call snap election
JAPANESE PRIME MINISTER
1 min
January 15, 2026
Financial Express Kolkata
Big Oil won't keep beating the crude market
JOHN D ROCKEFELLER, the godfather of the modern oil industry, called his tactic of purposely crashing oil prices and sending the stocks of his rivals into a tailspin “a good sweating.”
2 mins
January 15, 2026
Financial Express Kolkata
Wholesale price inflation at 8-month high in Dec
INDIA'S WHOLESALE PRICE inflation rose to an eight-month high of 0.83% (year-on-year) in December primarily due to a sequential uptick in the prices of food articles, nonfood articles, minerals and manufactured products, the government data released on Wednesday showed.
1 min
January 15, 2026
Financial Express Kolkata
Polymatech eyes ₹10,000-cr IPO to push expansion plans
POLYMATECH ELECTRONICS
1 min
January 15, 2026
Financial Express Kolkata
How hiring is becoming faster and efficient
THE FEAR AROUND AI often overshadows its purpose: to enhance human potential, not replace it.
1 mins
January 15, 2026
Financial Express Kolkata
Shareholders of Shriram Finance clear MUFG deal-linked proposals
SHRIRAM FINANCE SAID on Wednesday its shareholders have approved three proposals related to the non-banklender’s deal with Japan's MUFG.
1 min
January 15, 2026
Financial Express Kolkata
IOB profit jumps 56%, asset quality improves
Domestic NIM to be maintained at 3.3-3.4% range
1 mins
January 15, 2026
Financial Express Kolkata
SMBC gets RBI approval for wholly owned arm
Stage set for a potential integration with Yes Bank
2 mins
January 15, 2026
Financial Express Kolkata
Realtors want ‘teal sops’ to push affordable housing
PROPERTY DEVELOPERS HAVE drawn up a long wish list of Budget measures to shore up the dwindling affordable housing segment—from raising the price cap from ₹45 lakh to ₹60 lakh and removal of GST and stamp duty to reintroduction of input tax credit.
2 mins
January 15, 2026
Financial Express Kolkata
Groww’s Q3 profit falls 28% to ₹547 cr
Total income increases 26%
1 min
January 15, 2026
Listen
Translate
Change font size
