In Short : India has cautioned that developing nations may struggle to meet their climate targets without sufficient financial support from developed countries. Highlighting the need for climate justice, India emphasized that equitable access to finance, technology, and capacity building is essential for achieving global climate goals under the Paris Agreement. In Detail : New Delhi […]
Harmonizing Carbon Taxes and Fuel Subsidy Reforms to Achieve Climate Targets – EQ
In Short : Aligning carbon taxes and fuel subsidies is crucial to achieving climate goals and ensuring sustainable development. By implementing carbon taxes, governments can incentivize businesses and consumers to reduce emissions. Simultaneously, reforming fuel subsidies can redirect financial support toward cleaner energy alternatives, promoting a shift away from fossil fuels. This dual approach will […]
India will proactively lead way in achieving all climate targets: Secretary – EQ
In Short : India commits to taking a proactive role in leading the way to achieve all climate targets. This statement signals the country’s determination to play a leadership role in addressing climate challenges, emphasizing a proactive and forward-looking approach to meeting international climate goals. In Detail : Dubai : India would proactively lead the […]
India needs much more clean energy to meet climate targets – EQ
India announced its arrival this year as the world’s biggest country by population with a promise to do things differently. For India’s presidency of the Group of 20, Prime Minister Narendra Modi chose as its theme a term from Sanskrit scripture, ‘Vasudhaiva kutumbakam,’ emphasizing global unity. He had spoken of climate change, alongside terrorism and […]
Australia has raised its climate targets and now needs to accelerate its clean energy transition, says new IEA review – EQ Mag
Recent policy moves will support economic diversification and industrial growth while improving energy system resilience Australia is taking positive steps to increase its climate and clean energy ambitions. The International Energy Agency has reviewed Australia’s progress and recommends that it continues to strengthen its policies and long-term plans to ensure it meets its targets. Today, […]
IFC issues Sustainability-Linked Bond to Tata Cleantech Capital, a first-of-its-kind to foster renewable energy, drive climate targets – EQ Mag
New Delhi : A new funding is set to spur India’s renewable energy capacity and help improve access to climate finance, with International Finance Corporation (IFC) investing INR 3,750 million (about $50 million) in a sustainability-linked bond (SLB) issued by Tata Cleantech Capital. This is the first such instrument issued by a private financial institution […]
German CO2 cuts stall as coal, oil use cancel out renewable gains – EQ Mag
In a pivot away from Russian gas, Germany cut energy consumption to its lowest level since the Berlin Wall fell – but increased coal burning Germany’s carbon dioxide emissions held steady last year, jeopardising the country’s climate targets as higher use of oil and coal offset lower energy consumption and record renewables output, data from […]
How carbon markets can help Malaysia achieve its climate targets – EQ Mag Pro
Malaysia has the opportunity to not just meet its climate targets but also support the world through additional sequestration. Acting now to scale carbon markets could help. Leaders around the world have set ambitious targets to curtail emissions. As of June 2022, countries with announced net-zero targets cover more than 80 percent of global emissions […]
Global wind, solar growth on track to meet climate targets – EQ Mag Pro
Solar and wind power can grow enough to limit global warming to 1.5C if the 10-year average compound growth rate of 20% can be maintained to 2030, independent climate think tank Ember said in a report on Wednesday. Solar generation rose 23% globally in 2021, while wind supply gained 14% over the same period. Together, […]
India needs $20 bn annual investments to achieve climate targets: Report – EQ Mag Pro
India needs USD 20 billion (about RS 1.53 lakh crore) worth of investments each year to achieve its climate targets and fund its green transition, according to a report. The white paper by Ficci and Trilegal highlights that the country needs a large budget allocation, international finance from bilateral and multilateral sources and green private […]