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

India's stance in BONN SB 62

The Political and Business Daily

|

June 29, 2025

THE 30th Conference of Parties (COP30) to the UN Framework Convention on Climate Change (UNFCCC), representing nearly 200 countries of the world will be held in Belem, Brazil on 21st November 2025. COP30 would advance ambitious climate Finance commitments and national actions aligned with the 2015 Paris Agreement. But before the world leaders meet in Amazon, the ground work is being laid down in a quieter, technical setting: The mid-year Climate Conference in Bonn, Germany, technically known as the 62nd session of the UNFCCC Subsidiary Bodies (SB62) has already begun from 16th of June this year and will continue till 26th of June. This crucial mid-year climate conference is a precursor to the COP30.

- IPSITA DASH

India's stance in BONN SB 62

India, as part of the Like-Minded Developing Countries (LMDC) block, plays a key role in pushing for inclusion of climate finance and trade equity issues on the agenda. While a deadlock initially stalled formal proceedings, a compromise allowed discussions to proceed through informal consultations.

As regards the significance of SB62, it may be recalled that it is a key event in the UNFCCC process, bringing together the Subsidiary Body of Scientific and Technological Advice (SBSTA) and Subsidiary Body for Implementation (SBI). It also serves as a crucial milestone between COP29 in Baku and COP30 in Belem. It focuses on advancing negotiations on critical issues like climate finance, mitigation, adaptation and transparency.

India, along with other developing countries, sought to include climate finance and trade equity issues as separate agenda items. Concrete actions on climate finance under article 9.1 of the Paris Agreement were advocated emphasizing additionality, predictability and transparency.

India was also opposed to unilateral trade measures. Unilateral trade measures are actions taken by individual countries or blocs to impose tariffs, import restrictions, or other trade barriers based on specific criteria; in this case environmental standards. These measures have come to limelight with the European Union's adoption of the Carbon Border Adjustment Mechanism (CBAM), followed by the UK's plans to implement UK CBAM and similar intentions from other countries, such as Canada. These policies are trade-related measures adopted unilaterally.

PLUS D'HISTOIRES DE The Political and Business Daily

The Political and Business Daily

The Political and Business Daily

GDP growth likely to surpass 7 pc to cross $4 trillion in FY26, claims CEA

BUOYED by more-than-expected 8.2 per cent GDP growth rate in the second quarter, Chief Economic Adviser V Anantha Nageswaran on Friday expressed optimism that India's economy is likely to record growth of 7 per cent or higher than that in the current financial year.

time to read

1 min

November 29, 2025

The Political and Business Daily

The Political and Business Daily

New India never bows: PM

Says it never hesitates from protecting its people

time to read

1 mins

November 29, 2025

The Political and Business Daily

India reaches 'major power’ status on Asia Power Index

INDIA has reached \"major power\" status on the Asia Power Index-2025 on the back of economic growth and military capability based on its performance in Operation Sindoor, Australia-based think tank Lowy Institute said on Friday.

time to read

1 mins

November 29, 2025

The Political and Business Daily

The Political and Business Daily

Can sit in court till midnight to ensure justice for poor litigants: CJI Surya Kant

CHIEF Justice of India Surya Kant on Friday said that ensuring justice for poor litigants is his top priority and he can sit till midnight in the court for them.

time to read

1 min

November 29, 2025

The Political and Business Daily

The Political and Business Daily

India inks ₹7,995 cr pact with US for sustainment support of MH-60R copters

IN a bid to ensure domestic capability buildup in the long run, the Centre on Friday said it has signed a Rs 7,995 crore agreement with the United States for sustainment support of the Indian Navy’s fleet of MH60R helicopters through Follow-on Support and Follow-on Supply Support for a period of five years.

time to read

1 min

November 29, 2025

The Political and Business Daily

The Political and Business Daily

SIR exercise: 2 more BLO deaths in Gujarat, Bengal; TMC says CEC Gynesh has 'blood on his hands'

TWO primary school teachers deployed as booth-level officers in the ongoing special intensive revision of electoral rolls died of cardiac arrest in West Bengal's Murshidabad and Gujarat's Mehsana, sparking accusations of tremendous work pressure on them.

time to read

1 min

November 29, 2025

The Political and Business Daily

The Political and Business Daily

Philosophy of 'Vasudhaiva Kutumbakam' relevant today for global challenges: Prez

PRESIDENT Droupadi Murmu on Friday said amid today's unprecedented global challenges, the ancient philosophy of 'Vasudhaiva Kutumbakam' (the world is one family) is more relevant than ever.

time to read

1 min

November 29, 2025

The Political and Business Daily

The Political and Business Daily

India stays on high growth path in FY26 over strong domestic demand: FiMin

THE confluence of well-anchored inflation expectations, sustained public capital expenditure, and firming rural and urban demand places the Indian economy on a stable footing, positioning it to navigate emerging risks and preserve its growth momentum through the remainder of FY26, according to the Finance Ministry's Monthly Economic Review released on Thursday.

time to read

1 mins

November 28, 2025

The Political and Business Daily

Despite tariffs, India's Q2 GDP rate likely at 7.5 pc: Union Bank

INDIA'S economic growth is expected to come in strong for the second quarter of the current financial year, with GDP likely to rise 7.5 per cent, according to a report by Union Bank of India.

time to read

1 min

November 28, 2025

The Political and Business Daily

The Political and Business Daily

Prez nostalgic to address Odisha Assembly

Calls upon members of the House to behave in a manner that will be followed by the people

time to read

3 mins

November 28, 2025

Listen

Translate

Share

-
+

Change font size