Gå ubegrenset med Magzter GOLD

Gå ubegrenset med Magzter GOLD

Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare

$149.99
 
$74.99/År

Prøve GULL - Gratis

Watch out for the legal implications of climate inaction

Mint New Delhi

|

August 07, 2025

An ICJ order on climate action signals the need to rethink our strategy for legal challenges to be kept at bay

- LEENA SRIVASTAVA

On July 23, the International Court of Justice (ICJ) issued a landmark advisory opinion on climate action that asks all states to act. It calls upon states to (i) prevent significant harm to the environment, laying out a due diligence standard requiring countries to maintain legal, regulatory, administrative, and enforcement measures to achieve rapid and sustained emission reductions, and (ii) mandatorily cooperate with other countries internationally, which involves acting in good faith through information-sharing, joint efforts to mitigate the effects of climate change and transferring the technology needed to achieve the goals of climate treaties. Both these duties are under customary law and therefore applicable to all states regardless of their signatory status vis-à-vis climate treaties. This ruling, although not backed by enforcement power, is being hailed for increasing the pressure of legal opinion on states that are not acting in conformity with the Paris Agreement's goals.

India too may come under increased scrutiny on its climate actions under the Paris Agreement. The possibility of legal action cannot be ruled out. The ICJ ruling recognizes and endorses the principle of common but differentiated responsibility (CBDR). But it also recognizes that the classification of countries as 'developing' or 'developed' is not static, opening the door to much stricter obligations for India as we pursue our vision of achieving developed-country status by mid-century.

FLERE HISTORIER FRA Mint New Delhi

Mint New Delhi

Mint New Delhi

IT's middle order takes US hit; big cos hold ground

Shares of smaller IT companies reeled on Monday despite their reassurances about the H-1B visa impact, while their large-cap peers that remain tight-lipped closed with smaller losses, signalling market belief that the latter may navigate the crisis better.

time to read

3 mins

September 23, 2025

Mint New Delhi

Mint New Delhi

Startups, VCs rush to digitize India's mutual fund sellers

Startups are rushing to build technology for India's swelling army of mutual fund distributors (MFDs), a segment that is rising alongside the nation's roaring asset management industry.

time to read

2 mins

September 23, 2025

Mint New Delhi

HOW DID NPS TURN INTO AN EQUITY BET?

Come 1 October, fund managers under the National Pension System (NPS) will be allowed to craft schemes that offer 100% equity exposure to their non-government subscribers.

time to read

3 mins

September 23, 2025

Mint New Delhi

Mint New Delhi

Biz gets GST push as govt engages public

Price cuts tempt buyers; PM, ministers take GST gains to people

time to read

5 mins

September 23, 2025

Mint New Delhi

Guard satellites

Under a global treaty, space must stay free of weapons of mass destruction, but eyes in the sky have long aided military action on the ground.

time to read

1 min

September 23, 2025

Mint New Delhi

Mint New Delhi

China's K visa vs US H-1B: What it means for India

The tightening of H-1B visa rules by the US comes when Beijing last month introduced a K visa policy allowing all foreign nationals, including those without a confirmed job, to enter China. For India, this open-door policy has created an unusual point of convergence with China amid heightened geopolitical competition. Mint explains.

time to read

2 mins

September 23, 2025

Mint New Delhi

Mint New Delhi

H-1B fee hike spells gloom for Indian IT

Bigger firms may handle costs better, other sectors affected too

time to read

3 mins

September 22, 2025

Mint New Delhi

Mint New Delhi

Govt scans prices for profiteering as tax cuts kick in

As the biggest reform in India's goods and services taxes (GST) rolls out today, the Centre will be monitoring whether companies actually pass on the tax cuts or keep the gains to themselves.

time to read

3 mins

September 22, 2025

Mint New Delhi

Mint New Delhi

ChrysCapital to whip up a $200 million dessert storm

India-focused private equity firm ChrysCapital is sweetening its portfolio with a $200-million push into the desserts space, following last month's acquisition of patisserie chain Theobroma, two people familiar with the matter said on condition of anonymity.

time to read

2 mins

September 22, 2025

Mint New Delhi

Mint New Delhi

Why has Trump's H-1B fee spooked GCCs in India?

1 How big is India's GCC segment?

time to read

2 mins

September 22, 2025

Listen

Translate

Share

-
+

Change font size