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Contradictions and utility

Financial Express Kochi

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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.

FLERE HISTORIER FRA Financial Express Kochi

Financial Express Kochi

IOC Q3 net jumps over fourfold to ₹12,126 cr

STATE-RUN REFINER INDIAN Oil Corporation on Thursday reported a more than fourfold jump in its standalone net profit for the December quarter, driven by a sharp improvement in refining and marketing margins and higher fuel sales, even as its petrochemicals business continued to remain under pressure.

time to read

1 min

February 06, 2026

Financial Express Kochi

‘Our capex for FY27 will be around ₹25,000 crore’

Tata Power posted a 25% yo-y drop in net profit to ₹772 crore in Q3FY26 and its revenues fell 9.4% yo-y to ₹13, 948 crore.

time to read

1 mins

February 06, 2026

Financial Express Kochi

Drug trials with non-animal testing can cut costs by 90%

A SHIFT TOWARDS non-animal methods (NAMs) can significantly reduce the timelines and costs associated with drug development, said a multi-stakeholder report released on Thursday.

time to read

1 min

February 06, 2026

Financial Express Kochi

Heavy industry to gain from carbon capture push

INDIA HAS PLACED one of its biggest industrial climate bets yet committing ¥20,000 crore over the next five years to scale up carbon capture, utilisation and storage (CCUS) — signalling a decisive shift from climate pledges to capital-backed execution in sectors that drive both growth and emissions.

time to read

2 mins

February 06, 2026

Financial Express Kochi

‘WORLD MOVING TO NEW GLOBAL ORDER’ World confident of stability after trade deals with EU, US: PM

INDIA REACHING

time to read

2 mins

February 06, 2026

Financial Express Kochi

Fitch revises Axis Bank outlook to positive

FITCH RATINGS ON Thursday revised the outlook on Axis Bank’s long-term issuer default rating (IDR) to ‘positive’ from ‘stable’, and affirmed the IDRat ‘BB+’.

time to read

1 min

February 06, 2026

Financial Express Kochi

PhysicsWallah net profit jumps 33%

LISTED EDTECH MAJOR PhysicsWallah reported a 34% year-on-year increase in revenue from operations to ₹1,082.4 crore for Q3FY26.

time to read

1 min

February 06, 2026

Financial Express Kochi

Centre widens startup definition to include deeptech; turnover limit up

THE GOVERNMENT HAS expanded the scope of the Startup India programme by formally recognising deep technology companies as a distinct category, while also easing eligibility norms for the broader startup ecosystem by raising the turnover threshold.

time to read

1 min

February 06, 2026

Financial Express Kochi

PVR Inox profit rises 166% on festive boost

PVR INOX SAW its consolidated net profit rise 1.6 times to nearly %96 crore in the

time to read

1 min

February 06, 2026

Financial Express Kochi

‘We will deliver sustained growth next year also’

Godrej Properties saw a 20% yo-y jump in profit in Q3FY26 at ₹195 crore and its revenues fell 49% to ₹498 crore.

time to read

1 mins

February 06, 2026

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