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The real failure on climate didn’t happen in Brazil

Financial Express Mumbai

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November 25, 2025

ANOTHER CLIMATE CONFERENCE, another failed climate conference.

- DAVID FICKLING

That' s the sense you might get from the anguished statements emerging at the close of the COP30 meeting in the Brazilian city of Belém at the weekend. Hopes that the final communiqué would incorporate a road map to transition away from fossil fuels were dashed. A planned $125-billion fund for forest protection ended up with just $6 billion or so committed.

That assessment confuses where we’re going wrong on climate, however—and what we're getting right. Take the weird refusal to mention fossil fuels in the agreement. That's not quite the disaster it appears to be. Given the ability of oil exporters to veto every word of the text, it’s quite remarkable that such references ever made it through the drafting process. The fact that petroleum producers are now baulking more aggressively at naming the problem we all face is a sign not of the failure of the energy transition, but of its success.

The International Energy Agency’s central expectation for fossil fuel consumption in 2050 has been cut by 12% since the F-words were first officially mentioned at COP26 in Glasgow four years ago. Consumption of coal in the two biggest users, China and India, has fallen this year. These are far more substantive outcomes than the terminology of a United Nations document.

PLUS D'HISTOIRES DE Financial Express Mumbai

Financial Express Mumbai

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AFTER PLUNGING TO a half-century low in FY23 on account of the pandemicinduced income crunch, net financial assets of Indian households recovered smartly in the subsequent two years, data from the Reserve Bank of India (RBI) released on Monday showed.

time to read

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Multilateralism is alive

G20 and COP30 meets show the world's resilience amid chaos; emphasis on global tax pact positive for India

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Data show room exists for rate cut: RBI guv

RESERVE BANK OF INDIA (RBI) Governor Sanjay Malhotra said on Monday that the current economic indicators suggest there is a scope for repo rate cut, but a decision on it will be made by the Monetary Policy Committee (MPC).

time to read

1 mins

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Whither the rupee?

The pressure on the currency will recur unless the RBI takes the rupee by the horns and brings it back below 87 at least, telling the market it is still the boss

time to read

3 mins

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India Inc's unhedged dollar loans plunge

THE SHARP FALL in the rupee is expected to hit companies which have high unhedged exposure to foreign currency debt.

time to read

1 mins

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Reforms and resistance

IMPLEMENTATION, ENGAGEMENT AND GOVT RESPONSE TO WORKER DISCONTENT WILL BE KEY

time to read

4 mins

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Financial Express Mumbai

Average resolution time under IBC rises to 603 days

THE AVERAGE TIME to conclude a resolution process under the Insolvency and Bankruptcy Code (IBC) is on a rise. According to official data, it took 603 days to complete 1,300 corporate insolvency resolution processes (CIRP) in the July-September 2025 quarter, which is higher than 582 days in the corresponding quarter last year.

time to read

2 mins

November 25, 2025

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Govt readies reforms push in Parliament

THE CENTRE PLANS to push through a dozen major Bills in the upcoming Winter Session of Parliament to speed up reforms and boost investments.

time to read

2 mins

November 25, 2025

Financial Express Mumbai

M&M sets ambitious growth targets

SUV AND LCV SEGMENTS POISED FOR EIGHT-FOLD EXPANSION OVER FY20-30

time to read

1 mins

November 25, 2025

Financial Express Mumbai

EU must ease tech rules, says Lutnick

IN ORDER TO GET A DEAL TO LOWER STEEL TARIFFS

time to read

2 mins

November 25, 2025

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