Prøve GULL - Gratis
The real failure on climate didn’t happen in Brazil
Financial Express Delhi
|November 25, 2025
ANOTHER CLIMATE CONFERENCE, another failed climate conference.
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.
Denne historien er fra November 25, 2025-utgaven av Financial Express Delhi.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Financial Express Delhi
Financial Express Delhi
Goyal: If happy with our offer, US should sign pact
THE US SHOULD sign a trade agreement with India if it feels that the offer made by the country in the negotiations is the best it has received from any other country, Commerce and Industry Minister Piyush Goyal said on Thursday.
1 min
December 12, 2025
Financial Express Delhi
World Bank approves $600 mn for clean air in Haryana and UP
THE WORLD BANK on Thursday said the board of Executive Directors has approved financing of about $600 million for two programmes in Uttar Pradesh and Haryana to help improve air quality for 270 million people, with clean air benefits spilling over to other states.
1 min
December 12, 2025
Financial Express Delhi
Pension funds allowed to invest in gold, silver ETFs
WIDER EXPOSURE
1 mins
December 12, 2025
Financial Express Delhi
Niti draws plan to double corporate bond mkt
GOVERNMENT THINK TANK Niti Aayog on Thursday suggested a phased strategy to double the size of India’s corporate bond market to ¥100-120 lakh crore by 2030 by focusing on tax harmonisation, regulatory simplification, digital infrastructure, expanded issuer and investorand deeper risk-management markets.
1 mins
December 12, 2025
Financial Express Delhi
Finmin streamlines recruitment for PSBs
THE FINANCE MINISTRY has undertaken several initiatives aimed at streamlining the timelines for recruitment examinations for the public sector banks and declaration of their results.
1 mins
December 12, 2025
Financial Express Delhi
'Silent dissents' reveal growing Fed resistance to Powell's cuts
FEDERAL RESERVE CHAIR Jerome Powell downplayed dissenting votes against Wednesday’s decision to lower interest rates again, but a slew of finer details from the meeting revealed just how divided the central bank has become.
1 mins
December 12, 2025
Financial Express Delhi
Europe's Mediaset favours Paramount's Warner Bros bid
ONE OF EUROPE'S biggest broadcasting groups favours Paramount Skydance in its $108.4 billion hostile bid for Warner Bros.
1 min
December 12, 2025
Financial Express Delhi
Exports can reach $1 bn every year, says Goyal
UNION COMMERCE MINISTER Piyush Goyal on Thursday pegged the Kolhapuri chappal exports to be a $1-billion per year opportunity.
1 min
December 12, 2025
Financial Express Delhi
OMEGA trophy returns for 4th edition in Gurugram
OMEGA HELD THE fourth edition of the OMEGA Trophy at the DLF Golf and Country Club in Gurugram, drawing golfers from across the country for the annual tournament.
1 min
December 12, 2025
Financial Express Delhi
Microsoft ties up with 4 IT firms to boost agentic AI
IT MAJORS TO REDESIGN WORKFLOWS AROUND HUMAN-AGENT COLLABORATION
1 mins
December 12, 2025
Listen
Translate
Change font size
