The report says that shifting to a more energy-efficient pathway could lead to a substantial reduction in the expected carbon-di-oxide levels over the next 20 years.
The good news is, after the COP15 (2009) commitment to help developing/poor countries with $100 billion a year in adopting green energy, rich countries committed to “loss and damage fund” at COP27.
Over 800 million jobs worldwide — around one-quarter of the global workforce today — are highly vulnerable to both climate extremes and economic transition impacts, says a Deloitte report.
The whitepaper, titled ‘the neglected demand side of the green equation’, says that even though the use of renewables is growing, they are not even close to replacing fossil fuels.
Six sectors - power, automotive, aviation, steel, cement and agriculture -now contribute roughly 70% of India’s overall emissions.
With this, the country has received the ‘High’ performance rating, whereas for the climate policy and renewable energy category the country received the ‘Medium High’ rating.
UNCTAD report shows the number of new investment projects falling across most industries, notably those tackling climate change.
India was ranked 130 in 2020, with index value of 0.645. Drop in 2021 attributed to Covid, geo-political crisis, climate change, which affected 90% countries, taking them backwards in ranking
Finance Minister Nirmala Sitharaman says the Centre is working on the aspects of interoperability and cross-border payments with other countries
Vietnam (178 rank), Bangladesh (177), Pakistan (176), and India (180) rank the lowest. Over 50% emissions in 2050 are slated to come from China, India, the US and Russia.
