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Work faster, be flexible:11th-hr push for fossil fuel deal

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December 11, 2023

Draft paper lists adaptation targets for 2030 but disagreement lingers

Just two days before the UN climate talks here are scheduled to end, negotiators on Sunday released a draft document to guide countries' efforts to adapt to climate change and monitor collective progress. However, it falls short of expectations.

The Paris Agreement in 2015 introduced the concept of a Global Goal on Adaptation (GGA), a parallel to the global mitigation goal aimed at limiting global temperature rise to 1.5 degrees Celsius as compared to pre-industrial (1850-1900) levels.

Unlike mitigation, where progress can be tracked using a single metric, adaptation requires a more complex approach.

The Glasgow-Sharm El-Sheikh Work Programme on the Global Goal on Adaptation, initiated at COP26 in Egypt, started a series of workshops and negotiations to establish an operational framework for the GGA at COP28.

Though the document acknowledged that the finance required for adaptation "remains insufficient" and the gap between the funds available and the actual financial support needed is "widening", it doesn't quantify anything.

MEER VERHALEN VAN Business Standard

Business Standard

Sugar stocks turn sweet as crude oil prices boil

Shares of Indian sugar companies rallied on Wednesday on hopes that the Centre may not only revise ethanol prices — which have been on hold for almost three years — but could also consider raising the mandate from 20 per cent to 27 per cent.

time to read

2 mins

March 05, 2026

Business Standard

Petronet invokes force majeure as Qatar halts LNG production

India’s largest liquefied natural gas (LNG) importer Petronet LNG (PLL) has issued force majeure notice to QatarEnergy and its offtakers, including GAIL (India) Limited, Indian Oil Corporation Limited (IOCL), and Bharat Petroleum Corporation Limited (BPCL).

time to read

2 mins

March 05, 2026

Business Standard

PAN misused for fraudulent loan? How to detect, restore credit score

A loan fraudulently taken on your Permanent Account Number (PAN) can wreck your credit score and you may not even know about it until a bank rejects your credit application.

time to read

1 min

March 05, 2026

Business Standard

Services PMI eases to 58.1 in February

India's services sector growth moderated slightly in February as new order growth slowed to a 13-month low amid slower improvement in demand and a pickup in inflation, a monthly survey said on Wednesday.

time to read

1 min

March 05, 2026

Business Standard

Semiconductor ambitions

Micron’s ATMP plant is a significant first step

time to read

2 mins

March 05, 2026

Business Standard

Expect sharp rise in green hydrogen output capacity in 2-3 years: MNRE official

India is set for a jump in its capacity to produce green hydrogen in two-three years with a long list of projects waiting to be commissioned.

time to read

1 mins

March 05, 2026

Business Standard

Jansen's half-century takes South Africa to 169/8 after star turn by NZ spinners

New Zealand spinners put on an impressive show before Marco Jansen’s brutal rearguard assault took South Africa to a decent 169 for 8 in the first semifinal of the T20 World Cup (until press time) on Wednesday.

time to read

1 min

March 05, 2026

Business Standard

IndiGo stock may face more downgrades due to Iran war

IndiGo operator InterGlobe Aviation had a mildly encouraging third quarter in financial year 2026 (Q3FY26).

time to read

2 mins

March 05, 2026

Business Standard

Urea makers trim output as conflict disrupts LNG flows

Fertiliser manufacturers in India are beginning to cut output after Qatari supplies of liquefied natural gas, a key feedstock, were suspended due to hostilities in West Asia

time to read

1 min

March 05, 2026

Business Standard

Sensex slips to 11-month low; Volatility gauge rises 23%

The India VIX, often described as the market’s fear gauge, jumped 23 per cent to 21.6, its highest level since early May 2025, signalling a marked rise in investor anxiety.

time to read

4 mins

March 05, 2026

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