Denemek ALTIN - Özgür

India unfolds priorities in Belem but yet to show its climate cards

Business Standard

|

November 13, 2025

The 30th edition of the Conference of Parties (COP), the world’s biggest climate summit, kicked off on November 10 on the edge of the Amazon tropical rainforests in Brazil against the backdrop of violent typhoons striking Jamaica, Vietnam, and the Philippines, and pollutants sending Delhi’s air quality index beyond a life-threatening 400 level.

- S DINAKAR

Two days into the summit in Belem, Brazil has tried to bring over 50,000 registered delegates from 194 countries under a common platform to push developed nations to act on climate-finance pledges made at previous Conferences of Parties (COPs) and create a fund for tropical deforestation.

Brazil's focus here is less on framing new climate policies but more on finding funds for nations struggling to adapt to climate change.

It will create programmes to compensate countries for loss and damage, climate experts said. Both issues lie close to India’s interests.

Transparency on adaptation finance by developed nations and the provision for additional funds to adjust to climate catastrophes are India’s key priorities for negotiation in Belem while opposing measures for additional reporting for adaptation progress, according to a submission to the United Nations (UN).

India is ninth among the 10 most affected nations by extreme weather events, according to the Climate Risk Index 2026 report by Germanwatch. That makes it imperative for India to get a fair share of funds for adaptation, said Vishwas Chitale, fellow at the Council on Energy, Environment and Water, on Zoom from Belem. There were nearly 430 such events in India over three decades ending 2024, causing economic losses of $170 billion, more than 80,000 fatalities, and affecting 1.3 billion people, the report said.

The year 2025 is among the three hottest years on record, accompanied by a record-breaking glacier loss, lowest Arctic sea ice, and a record increase in atmospheric carbon dioxide from 2023-24, according to the World Meteorological Organization.

Business Standard'den DAHA FAZLA HİKAYE

Business Standard

Global stock index hits record level

Global stocks climbed to a fresh record as the Federal Reserve's interest-rate cut this week and its upbeat assessment of the US economy boosted investor sentiment.

time to read

1 min

December 13, 2025

Business Standard

Business Standard

Musk’s Mars mission adds risk to red-hot SpaceX IPO

Investors eyeing SpaceX's potential blockbuster IPO may need to brace themselves as CEO Elon Musk balances his risky quest to reach Mars with growing the revenue-rich Starlink satellite broadband business that would offer more reliable shareholder returns.

time to read

1 min

December 13, 2025

Business Standard

EU set to indefinitely freeze Russian assets

The European Union (EU) looked set on Friday to indefinitely freeze Russian central bank assets held in Europe, removing a big obstacle to using the cash to help Ukraine defend itself against Moscow’s invasion.

time to read

1 min

December 13, 2025

Business Standard

The ‘delusional’ optimist

Mathur takes Ajinkya Kawale and Shivani Shinde through the payment aggregator’s journey, its challenges, his vision for it, and where his optimism comes from

time to read

6 mins

December 13, 2025

Business Standard

Business Standard

Can OpenAI respond after Google closes AI tech gap?

Just before Thanksgiving, Google boasted that its new and improved Artificial Intelligence model, Gemini 3, had surpassed the technology from its young rival Open AI and ‘was now the best in the world.

time to read

1 mins

December 13, 2025

Business Standard

Govt amends petroleum, natural gas rules for ease of doing business

‘The government has amended the Petroleum and Natural Gas Rules, 2025 to offer ease of business and operations in the country’s exploration and production (E&P) sector.

time to read

1 min

December 13, 2025

Business Standard

Business Standard

'Listing won't alter our investment philosophy'

India is a market where scalable businesses with lower margins and higher volumes create enduring value, says Nimesh Shah, managing director (MD) and chief executive officer (CEO) of ICICI Prudential Asset Management Company (AMC).

time to read

2 mins

December 13, 2025

Business Standard

'India-Sweden economic corridor positioned for robust expansion'

Business Sweden -- the Swedish Trade and Invest Council -- expects its investments in India to grow sharply over the next five years, potentially doubling from current levels.

time to read

2 mins

December 13, 2025

Business Standard

Business Standard

New name and more work days’ promise on anvil for MGNREGA

The Centre is renaming the flagship Mahatma Gandhi Rural Employment Guarantee Scheme, or MGNREGS, to Pujya Bapu Grameen Rozgar Yojana, while raising the number of mandatory guaranteed employment days from 100 to 125.

time to read

1 min

December 13, 2025

Business Standard

Auto financier stocks rise; valuations may cap upside

Investors should take selective exposure to the sector at current levels, say analysts

time to read

2 mins

December 13, 2025

Listen

Translate

Share

-
+

Change font size